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AT&T nears take care of TPG to promote giant minority stake in DirecTV, U-verse

AT&T is nearing a deal to promote a considerable minority stake in its DirecTV and U-verse enterprise to private-equity agency TPG, in keeping with individuals accustomed to the matter.

A deal might be introduced as quickly as this week, stated the individuals, who requested to not be named as a result of the discussions are non-public. The deal consists of all of AT&T’s streaming belongings, together with AT&T TV.

The deal will worth the AT&T video companies round at $15 billion. AT&T acquired DirecTV in 2015 for $48.5 billion.

TPG declined to remark. AT&T couldn’t be instantly reached for remark.

This story is growing.

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