WarnerMedia Parent AT&T Sells DirecTV Stake To Private Equity Firm TPG [telecom]

By Jill Goldsmith

WarnerMedia parent AT&T said Thursday it's clinched a deal to sell a significant minority stake in satellite in DirecTV, U-Verse and AT&T TV to private equity group TPG in a deal that will net the telecom giant $7.8 billion.

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