TPG completed the acquisition of the remaining 70% stake in DIRECTV from AT&T for $7.6bn.

TPG, a global alternative asset management firm, completed the acquisition of the remaining 70% stake in DIRECTV, a media satellite infrastructure provider, from AT&T, a telecommunication company, for $7.6bn. “We are thrilled to build on our terrific partnership with TPG for DIRECTV’s next chapter. We have big plans to increase investments in innovative video services to deliver the best entertainment experience at the right value for our customers nationwide,” Bill Morrow, DIRECTV CEO.