AT&T nears deal with TPG to sell large minority stake in DirecTV, U-verse

AT&T is nearing a deal to sell a substantial minority stake in its DirecTV and U-verse business to private-equity firm TPG, according to people familiar with the matter.

A deal could be announced as soon as this week, said the people, who asked not to be named because the discussions are private.

The deal will value DirecTV and U-verse around at $15 billion. AT&T acquired DirecTV in 2015 for $48.5 billion.

TPG declined to comment. AT&T could not be immediately reached for comment.

This story is developing.