The spinoff, which will give TPG a minority stake, values the TV business at $16.25 billion — about a third of what AT&T paid just for DirecTV in 2015.
AT&T Inc
DirecTV
media
Software and Hi-Tech
Telephones and Telecommunications
television
Television Sets and Media Devices
TPG Capital
AT&T, loaded with debt from its DirecTV deal, sells part of its TV business to a private equity firm.
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