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AT&T nears deal with TPG to sell large minority stake in DirecTV, U-verse at $15 billion valuation – CNBC

AT&T nears deal with TPG to sell large minority stake in DirecTV, U-verse

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AT&T is nearing a deal to sell a substantial minority stake in its DirecTV, AT&T TV Now and U-Verse business to private-equity firm TPG, according to people familiar with the matter.
A deal could be announced as soon as this week, said the people, who asked not to be named because the discussions are private.
The deal will value the AT&T businesses around at $15 billion. AT&T acquired DirecTV in 2015 for $48.5 billion ($67 billion with debt).
AT&T has moved away from traditional pay-TV in the past…

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