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AT&T & TPG to Form New Entity to Operate AT&T's U.S. Video Unit; Note: AT&T will hold a call with investors at 5 p.m. ET today. The webcast of the call and related materials will be available on AT&T's Investor Relations website at https://investors.att.c

Feb 25, 2021 - Business Wire
Mergers and Acquisitions

AT&T Inc. * ( NYSE: T ) and TPG Capital, the private equity platform of global alternative asset firm TPG, announced today that they have signed a definitive agreement under which the two parties will establish a new company named DIRECTV ("New DIRECTV") that will own and operate AT&T's U.S. video business unit consisting of the DIRECTV, AT&T TV and U-verse video services.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210225006...