Did AT and DirecTV merge?
Six years after AT acquired the satellite TV giant in a $67 billion deal, the company on Monday was officially spun out as a standalone video-centric entity in a deal backed by private equity firm TPG.
Why is AT getting rid of DirecTV?
The new DirecTV is made up of AT’s three TV distribution businesses: the namesake satellite TV service, the legacy U-verse and the streaming offer AT TV. The AT brand will be stripped away as part of DirecTV’s efforts to simplify its message and repair its reputation among consumers.
What is happening with DirecTV and AT?
AT announced earlier this year that it would spin its video properties DirecTV, AT TV, and U-verse into a new company it would co-manage with private equity firm TPG Capital. That transaction is finally complete, and the services will now operate as a single company under the name DirecTV.
Is AT TV switching to DirecTV?
AT TV and its defunct AT TV Now sibling will officially become DirecTV Stream, a new unified service spun out of a deal between TPG Capital and AT for the telecommunication giant’s streaming properties. DirecTV began updating AT TV and AT TV Now customers of the change on August 14th.
What is happening to DirecTV?
The new company, which was referred to as New DirecTV during the spinoff process, will simply be called DirecTV going forward and consist of the DirecTV satellite service, AT TV streaming cable offerings as well as U-Verse TV, AT’s cable television service.
Is AT becoming DirecTV?
AT TV Becomes DirecTV Stream on August 26: Here’s What You Need to Know. Earlier this month, AT announced that it had completed the spinoff of DirecTV, creating a separate video business. Within the new company, all streaming offerings will be under the umbrella of DirecTV Stream.
Can you have DirecTV without AT?
DIRECTV NOW requires an internet connection to stream TV entertainment but doesn’t necessarily require AT internet service to work.