AT&T is nearing a deal to promote a considerable minority stake in its DirecTV, AT&T TV Now and U-Verse enterprise to private-equity agency TPG, in accordance with folks accustomed to the matter.
A deal may very well be introduced as quickly as this week, stated the folks, who requested to not be named as a result of the discussions are personal.
The deal will worth the AT&T video companies round at $15 billion. AT&T acquired DirecTV in 2015 for $48.5 billion.
AT&T has moved away from conventional pay-TV up to now two years because it has centered its media technique round HBO Max. DirecTV, U-Verse and AT&T TV Now are based mostly round a linear bundled enterprise of broadcast and cable networks that’s shedding tens of millions of subscribers annually.
TPG declined to remark. AT&T couldn’t be instantly reached for remark.
This story is creating.