AT&T up on deal to sell stake in DirecTV to TPG for $7.6 bln
** Shares of telecom operator. AT&T T.N up 1.6% to $22.28 premarket
** T to sell its entire 70% stake in satellite TV provider DirecTV to private equity firm TPG TPG.O
** Deal valued at $7.6 bln and is expected to close in the second half of 2025
** Stake sale comes as a much-needed exit for AT&T, which has been seeing dwindling distributions from DirecTV over the past several years
** The deal would also allow AT&T to focus on its core wireless and fiber connectivity operations
** T up 30.5% YTD, compared to a 20.3% gain in S&P 500 .SPX
Reporting by Pranav Kashyap in Bengaluru
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