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AT&T Holds Exclusive Talks to Sell DirecTV Stake to TPG

BNN Bloomberg

(Bloomberg) -- AT&T Inc. is holding exclusive talks to sell a significant stake in DirecTV to private equity firm TPG, the latest stage of a monthslong push to unload at least part of the struggling pay-TV business, according to a person familiar with the matter. A potential deal is weeks away, and the talks could still fall apart, said the person, who asked not to be identified because the deliberations are private...

Mentions: Management Citigroup stake