Home / World News / Buyout firm TPG in the lead for stake in AT&T's DirecTV, say reports

Buyout firm TPG in the lead for stake in AT&T's DirecTV, say reports

The exact price TPG is willing to pay could not be learned, but sources said the deal could value DirecTV at more than $15 billion

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Illustration: Ajay Mohanty

1 min read Last Updated : Jan 23 2021 | 2:50 AM IST

Private equity firm TPG has entered into exclusive talks to acquire a minority stake in AT&T Inc's satellite TV division DirecTV, in a deal that would allow the US wireless carrier to trim its net debt of close to $150 billion, people familiar with the matter said on Friday.

The exact price TPG is willing to pay could not be learned, but sources said the deal could value DirecTV at more than $15 billion.

Were the negotiations to conclude successfully, a deal could be announced in the coming weeks, the sources added, requesting anonymity because the matter is confidential.

Topics : TPG AT&T

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