TPG To Buy Remaining 70% Stake In DIRECTV For $2.5B, Plans To Boost Investments In Next-Gen Streaming And Video Services
Portfolio Pulse from Benzinga Newsdesk
TPG is set to acquire the remaining 70% stake in DIRECTV from AT&T for $2.5 billion, aiming to enhance investments in next-gen streaming services. The transaction is expected to close in the second half of 2025, subject to regulatory approvals.
September 30, 2024 | 10:15 am
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TPG is acquiring the remaining 70% stake in DIRECTV from AT&T for $2.5 billion, enhancing its investment in next-gen streaming services.
The acquisition of DIRECTV's remaining stake by TPG is a strategic move to strengthen its position in the streaming market. This is likely to positively impact TPG's stock as it aligns with growth in digital media and communications.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
AT&T is selling its remaining 70% stake in DIRECTV to TPG for $2.5 billion, expecting to receive $7.6 billion in cash payments through 2029.
AT&T's sale of its stake in DIRECTV is part of its strategy to streamline operations and focus on core areas. The financial impact is neutral in the short term as the transaction is expected to close in 2025.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80