DirecTV to buy Dish Network and Sling TV for $1 (plus an assumption of debt)
AT&T said Monday in a filing with the Securities and Exchange Commission that it will receive payments from TPG and DirecTV for its remaining 70% stake in the satellite TV company. This includes $1.7 billion in the second half of the year and $5.4 billion next year. The remaining amount will be paid in 2029.
Satellite merger: DirecTV buys rival Dish and Sling
The prospect of a DirecTV-Dish combo has been previously rumored, with headlines about reported talks popping up over the years. The two almost merged more than two decades ago, but the Federal Communications Commission blocked the deal, citing antitrust concerns.
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AT&T has already sold 30% of the DirecTV business to the TPG firm, and will sell the rest of the company for $7.6 billion.
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Sling TV Cost: How to Save the Most in 2024There are a ton of streaming services and deals available these days, and while considering live TV streaming options can ...
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