TPG to buy rest 70% in DirecTV for $7.6b as AT&T exits

TPG to buy rest 70% in DirecTV for $7.6b as AT&T exits

AT&T said on Monday it would sell its entire 70% stake in satellite TV provider DirecTV to private equity firm TPG for $7.6 billion, exiting a business marked by declining distributions for the telecom operator.

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