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Did At&t Buy Directv < Bonus Inside >

: AT&T bought DirecTV to become the world’s largest pay-TV provider and to bundle video services with its wireless and internet plans.

: In the years following the purchase, DirecTV lost millions of subscribers due to the rise of streaming services and "cord-cutting" trends.

: AT&T spun off DirecTV into a separate standalone entity. AT&T retained a 70% majority stake, while private equity firm TPG Inc. owned the remaining 30%.

: AT&T completed the sale of its entire remaining stake to TPG Inc., making DirecTV a wholly owned subsidiary of TPG. Current Status for Customers

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