AT&T and TPG Close DIRECTV Transaction

Q: What stake in DIRECTV did AT&T (NYSE:T) sell to TPG Capital?

AT&T sold its entire remaining 70% stake in DIRECTV to TPG Capital.

Q: Who purchased AT&T's remaining stake in DIRECTV?

TPG Capital , the U.S. and European private equity platform of global alternative asset management firm TPG, purchased AT&T's remaining stake in DIRECTV.

Q: What is the significance of AT&T's DIRECTV stake sale?

The sale represents AT&T's complete exit from DIRECTV ownership , allowing the company to focus on its core business operations.

Rhea-AI Impact

(Low)

Rhea-AI Sentiment

(Neutral)

Rhea-AI Summary

AT&T (NYSE:T) has completed the sale of its remaining 70% stake in DIRECTV to TPG Capital, the U.S. and European private equity platform of TPG. This transaction marks AT&T's complete exit from DIRECTV ownership, following the previous partial stake sale.

Positive

Complete divestment of DIRECTV stake allows AT&T to focus on core business
Transaction helps reduce AT&T's exposure to declining satellite TV market

Negative

Loss of DIRECTV revenue stream from remaining 70% ownership

07/02/2025 - 05:00 PM

DALLAS, July 2, 2025 /PRNewswire/ --

AT&T completes sale of entire remaining 70% stake in DIRECTV to TPG.

Today AT&T (NYSE:T) announced it has closed its previously announced transaction to sell its entire remaining 70% stake in DIRECTV to TPG Capital, the U.S. and European private equity platform of global alternative asset management firm TPG.

To automatically receive AT&T financial news by email, please subscribe to email alerts.

About AT&T
We help more than 100 million U.S. families, friends and neighbors, plus nearly 2.5 million businesses, connect to greater possibility. From the first phone call 140+ years ago to our 5G wireless and multi-gig internet offerings today, we @ATT innovate to improve lives. For more information about AT&T Inc. (NYSE:T), please visit us at about.att.com. Investors can learn more at investors.att.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/att-and-tpg-close-directv-transaction-302497257.html

SOURCE AT&T

FAQ

What stake in DIRECTV did AT&T (NYSE:T) sell to TPG Capital?

AT&T sold its entire remaining 70% stake in DIRECTV to TPG Capital.

When did AT&T complete the DIRECTV stake sale to TPG?

AT&T completed the sale of its remaining DIRECTV stake to TPG on July 2, 2025.

Who purchased AT&T's remaining stake in DIRECTV?

TPG Capital, the U.S. and European private equity platform of global alternative asset management firm TPG, purchased AT&T's remaining stake in DIRECTV.