APPLE INSIDER
AT&T has reached a deal with TPG Capital that will see struggling satellite TV provider DirecTV become its own standalone company.
Credit: AT&TUnder the terms of the arrangement, the deal will create a new company called DirecTV with an implied enterprise value of $16.25 billion. TPG Capital will take a 30% stake in the business, while AT&T will own the remaining 70%.
Source: APPLE INSIDER