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 line with individuals conversant in the matter.
A deal may very well 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 contains all of AT&T’s streaming property, 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.