AT&T Agrees to Sell DirecTV Holding to TPG for $7.6 Billion
- DirecTV is holding advanced talks to merge with rival Dish
- AT&T and TPG are owners of DirecTV, which was founded in 1994
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AT&T Inc. had agreed to sell its majority stake in DirecTV to private equity firm TPG Inc. for $7.6 billion in cash.
The payments include $1.7 billion in pre-tax quarterly distributions in the second half of this year and $5.4 billion in after-tax distributions in 2025, AT&T said in a filing Monday. Final payments of $500 million will be made in 2029.