AT&T to sell remaining stake in DirecTV to private equity firm
The company expects to see an influx of cash to the tune of nearly $8 billion from the sale of its 70 percent stake in the pay TV business.
On September 30, 2024, satellite and streaming pay TV provider DirecTV announced a plan to acquire Echostar‘s Dish Video business, including Dish Network and Sling TV. The deal is subject to certain closing conditions, including regulatory approval.
The company expects to see an influx of cash to the tune of nearly $8 billion from the sale of its 70 percent stake in the pay TV business.
The purchase includes the flagship satellite service Dish Network and streaming product Sling TV.