TPG (TPG) has completed the acquisition of the remaining 70% stake in DIRECTV from AT&T.
With this deal, DIRECTV becomes a wholly owned portfolio company of TPG Capital, the firm’s U.S. and European private equity platform.
This transaction enhances TPG Capital’s existing partnership with DIRECTV.
It also builds on TPG’s strong history of working with internet, digital media, and communications companies.
DIRECTV plans to accelerate investments in innovative video offerings that provide value and choice to consumers.
David Trujillo, Partner at TPG, highlighted DIRECTV as a proven pay TV innovator.
He expressed enthusiasm about strengthening their successful partnership during a pivotal time for the industry.
