AT&T Sells 70% Stake In DirecTV For $7.6 Billion
U.S. telecommunications giant AT&T (T) has agreed to sell its remaining 70% stake in satellite TV service provider DirecTV to private equity firm TPG (TPG) for $7.6 billion U.S. The sale takes AT&T out of the satellite TV business, which has been in decline for several years as consumers switch to streaming…
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