AT&T is selling its remaining 70% stake in DirecTV to private equity firm TPG a decade after agreeing to buy the satellite TV provider.

DirecTV promptly announces deal to acquire EchoStar’s video business that includes Dish TV and Sling TV, cementing a combination the two have sought for decades.

AT&T is selling its majority stake in DirecTV to private equity firm TPG Partners for $7.6 billion, ending the communication giant's remaining ties to the entertainment industry. 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

AT&T Inc. said it had agreed to sell its majority stake in DirecTV to private equity firm TPG Inc. for $7.6 billion in cash.

AT&T is selling its 70% stake in DirecTV in a seismic deal for the satellite television world that will make the combined provider the biggest pay-TV

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.

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.

AT&T is selling its remaining 70% stake in DirecTV to private equity firm TPG a decade after agreeing to buy the satellite TV provider.

AT&T said on Monday it would sell its entire 70% stake in satellite TV provider DirecTV to private equity firm TPG for $7.6 billion, exiting a business marked by declining distributions for the telecom operator.