{"id":861751,"date":"2024-10-01T08:00:06","date_gmt":"2024-10-01T02:30:06","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=861751"},"modified":"2024-10-01T08:20:11","modified_gmt":"2024-10-01T02:50:11","slug":"att-sells-70-stake-in-directv-to-private-equity-firm-tpg-for-7-6-bn","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/10\/01\/att-sells-70-stake-in-directv-to-private-equity-firm-tpg-for-7-6-bn\/","title":{"rendered":"AT&amp;T sells 70% stake in DirecTV to private equity firm TPG for $7.6 bn"},"content":{"rendered":"<p>AT&amp;T said on Monday it would sell its entire 70 per cent 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. <\/p>\n<p>AT&amp;T, which acquired DirecTV in 2015, signed a joint-venture agreement with TPG in 2021, in which the private equity firm contributed about $1.8 billion in cash in exchange for a 30 per cent stake in DirecTV that was valued at about $16 billion at the time.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>AT&amp;T said on Monday it would sell its entire 70 per cent 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. AT&amp;T, which acquired DirecTV in 2015, signed a joint-venture agreement with TPG in 2021, in which the private equity firm contributed about $1.8 billion in cash in exchange for a 30 per cent stake in DirecTV that was valued at about $16 billion at the time.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[36,9,4],"tags":[],"class_list":["post-861751","post","type-post","status-publish","format-standard","hentry","category-broadcasting-business-standard-newspapers","category-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/861751","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=861751"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/861751\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=861751"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=861751"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=861751"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}