DirecTV and Dish Network are combining to form a pay-TV titan

Justin Sullivan/Getty Images

DirecTV said Monday it has agreed to acquire Dish Network from EchoStar.
The merger would create one of the US’ largest pay-TV provider.
In a separate deal, AT&T will sell its 70% stake in DirecTV to a private equity firm.

DirecTV announced Monday that it has agreed to acquire rival Dish Network from EchoStar, in a deal that would create one of the largest pay-TV providers in the US.

The deal is subject to regulatory approval.

Separately, US telecoms giant AT&T also said that it has agreed to sell its 70% stake in DirecTV for $7.6 billion to private equity firm TPG.

The deal, which was announced on Monday morning, will see TPG take full control of DirecTV, which Bloomberg reports has around 11 million customers.

This story is developing. Please check back for updates.

Read the original article on Business Insider

This article was originally published by Tom Carter at All Content from Business Insider (https://www.businessinsider.com/directv-dish-network-merge-form-pay-tv-titan-2024-9).

General Content Disclaimer

The content on this website, including articles generated by artificial intelligence or syndicated from third-party sources, is provided for informational purposes only. We do not own the rights to all images and have not independently verified the accuracy of all information presented. Opinions expressed are those of the original authors and do not necessarily reflect our views. Reader discretion is advised, as some content may contain sensitive, controversial, or unverified information. We are not responsible for user-generated content, technical issues, or the accuracy of external links. Some content may be sponsored or contain affiliate links, which will be identified accordingly. By using this website, you agree to our privacy policy. For concerns, including copyright infringement (DMCA) notices, contact us at info@texasnews.app.