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AT&T Inc. said it had agreed to sell its majority stake in DirecTV to private equity firm TPG Inc. for $7.6 billion in cash.
CVS Health, Cigna-owned pharmacy benefit manager Express Scripts and two pharmacist trade groups — will retain a minority interest.
In the recently announced deal, minority stakeholder TPG Capital will assume full company ownership of DirecTV.
AT&T has already sold 30% of the DirecTV business to the TPG firm, and will sell the rest of the company for $7.6 billion.
TPG Inc. has hired JPMorgan Chase & Co.’s co-head of technology equity capital markets Eugene Sohn, according to people with ...