DirecTV

DirecTV, LLC (stylized in all caps as DIRECTV) is an American video programming distributor based in El Segundo, California. Originally launched on June 17, 1994 by Hughes Electronics, its primary service is distributing virtual multichannel video programming as well as satellite services for consumers and businesses in the United States and Puerto Rico. Its primary competitors are Dish Network. On July 24, 2015, after receiving approval from the Federal Communications Commission and the Department of Justice, AT&T acquired DirecTV in a transaction valued at $67.1 billion. On February 25, 2021, AT&T announced that it would spin-off DirecTV into a separate entity, selling a 30% stake to TPG Inc., while retaining a 70% stake in the new standalone company. The deal closed on August 2, 2021. On September 30, 2024, AT&T announced that they would sell their remaining 70% stake to TPG Inc. for $7.6 billion. The sale was completed on July 2, 2025, making DirecTV a wholly owned subsidiary of TPG Inc. and splitting the company off from AT&T for the first time since 2015. On April 13, 2025, DirecTV announced the end of DirecTV Stream as a standalone brand and merged its content with its regular DirecTV service.