AT&T, loaded with debt from its DirecTV deal, sells part of its TV business to a private equity firm.
https://www.nytimes.com/2021/02/25/business/att-tpg-directv.html
The spinoff, which will give TPG a minority stake, values the TV business at $16.25 billion — about a third of what AT&T paid just for DirecTV in 2015.
