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DirecTV and Dish are merging

Private equity firm TPG is buying both satellite TV giants.

Private equity firm TPG has arranged a two-step agreement to buy the remaining 70 percent of DirecTV that it didn’t already own from AT&T for a reported $7.6 billion and merge all of that with Dish. The agreement would see AT&T exit as a part-owner of DirecTV, while EchoStar separates from its TV business to pursue the wonders of Open RAN 5G once the deal is closed in 2025. DirecTV previously attempted to merge with Dish in 2002, but the deal was blocked by the US Justice Department and Federal Communications Commission (FCC) over competition concerns.

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