AT&T spins out DirecTV as a $16B company, a quarter of what it paid in 2015

AT&T today announced plans to spin out its various video businesses — DirecTV, AT&T TV, and U-Verse — into a new company that it will jointly control with TPG Capital. The deal sees AT&T holding on to a 70 percent stake in the company, with TPG getting the other 30. “The transaction to separate AT&T’s US video business into New DirecTV implies an enterprise value for the new company of $16.25 billion.”
Read more: https://www.theverge.com/2021/2/25/22301840/att-tpg-directv-tv-uverse-new-company-announced?source=Snapzu