AT&T Nears Deal With TPG to Sell Large Minority Stake in DirecTV, U-Verse at $15 Billion Valuation

AT&T is nearing a deal with TPG to sell a substantial minority stake in DirecTV, U-verse and AT&T TV. Transaction will value AT&T's video businesses at around $15 billion. AT&T is nearing a deal to sell a substantial minority stake in its DirecTV, AT&T TV Now and U-Verse business to private-equity firm TPG, according to people familiar with the matter.