TPG to acquire the remaining 70% stake in DIRECTV from AT&T for $7.6bn.

TPG, a global alternative asset management firm, agreed to acquire the remaining 70% stake in DIRECTV, a media satellite infrastructure provider, from AT&T, a telecommunication company, for $7.6bn. “This transaction is the right next step for DIRECTV as we advance our vision and continue to evolve our product to offer consumers the broadest array of content. Our team is the best in the business, and we are driven to provide innovative video services with an outstanding customer experience," Bill Morrow, DIRECTV CEO.