TPG Completes Acquisition of DIRECTV

Ropes & Gray represented TPG and DIRECTV in its acquisition of AT&T’s remaining 70% stake in DIRECTV. The transaction was announced on Sept. 30, 2024, and closed on July 2.

TPG is a leading global alternative asset management firm, founded in San Francisco in 1992, with $251 billion of assets under management and investment and operational teams around the world.

As a leader in sports and entertainment for 30 years, DIRECTV provides some of the television distribution industry’s best content aggregation, service, and user satisfaction, with or without a satellite.

The Ropes & Gray team included private equity partners Jay Freedman, Chau Le, and James C. Davis, tax partners Adam Greenwood, Benjamin Rogers and Tristan Evans-Wilent, finance partner Alex Zeltser and counsel Daniel Lee, IP transactions partner Emily Karlberg, antitrust partner Jonathan Klarfeld and counsel Joseph Rafferty, private equity associates Garrett Roscoe and Chris Su, strategic transactions associate Giancarlo Lee, and tax associate Zhen Zhang.