TPG to Acquire AT&Ts 70% Stake in DIRECTV TPG Inc

With this transaction, DIRECTV will be better able to gann fan invest in advancing the next generation of video services that benefit consumers and provide a broad diversity of programming,” said John Flynn, Partner at TPG. TPG’s leadership team is made up of world-class executives and business leaders who are supported by a deep bench of talented professionals. We have a substantial global footprint and network for sourcing transactions, raising capital and driving value in our investments. In 2023, TPG acquired Angelo Gordon, marking a significant expansion into credit investing and offering real estate capabilities that are complementary to our current strategies. This strategic transaction meaningfully expanded our investing capabilities and broadens our product offering, underscoring our continued focus on growing and scaling through diversification.

TPG Inc. (NASDAQ:TPG) Shares Purchased by Harvest Fund Management Co. Ltd

TPG Capital was founded in 1992 by David Bonderman, William S. Price III, and James Coulter. The company’s AUM (assets under management) have grown steadily—between 2016 and the end of Q3 2021, its AUM grew 81 percent to $109 billion. Under the terms of the transaction, TPG will make an initial payment of $2.0 billion, subject to certain deductions, to AT&T during 2025 and additional payments to AT&T totaling $500 million in 2029. AT&T expects to receive approximately $7.6 billion in cash payments from DIRECTV through 2029.

Prominent companies in TPG’s portfolio

This transaction is expected to provide DIRECTV with a stronger financial platform to increase investments in innovative video offerings that benefit consumers. A number of other institutional investors have also recently made changes to their positions in TPG. Signaturefd LLC now owns 1,070 shares of the company’s stock worth $62,000 after purchasing an additional 188 shares during the last quarter. Commonwealth Equity Services LLC lifted its stake in shares of TPG by review cycle analytics for traders 3.3% during the second quarter.

Prior to founding TPG, Bonderman and Coulter had worked for Robert Bass, making leveraged buyout investments during the 1980s. TPG’s most recent quarterly dividend payment of $0.42 per share was made to shareholders on Friday, August 30, 2024. TPG’s next quarterly dividend payment of $0.38 per share will be made to shareholders on Monday, December 2, 2024. If you chose to have your TurboTax fees deducted from your federal refund, that will take some extra time, while the third party bank handles the refund processing. EchoStar is selling its Dish TV provider and digital business Sling to rival provider DirecTV in a deal announced Monday. In a significant development within the satellite services sector, DirecTV has officially announced its decision to acquire Dish Network and it’s streaming business Sling TV.

Any forward-looking statements speak only as of the date they are made, and TPG assumes no duty to and does not undertake to update forward-looking statements. Forward-looking statements are subject to numerous assumptions, risks and uncertainties, which change over time. Actual results could differ materially from those anticipated in forward-looking statements. I think in the next five to ten years, the biggest opportunities in Asia are to have these homegrown Pan-Asian businesses.

KBRA Assigns Rating to TPG Twin Brook Capital Income Fund’s $400 Million Senior Unsecured Notes Due in 2028 and 2029

The transaction also contemplates that DIRECTV will make a special distribution prior to March 31, 2025, of at least $1.625 billion that will be paid to the equity holders of DIRECTV, proportional to their respective ownership positions. In 2000, TPG completed the controversial acquisition of Gemplus SA, a smart card manufacturer. TPG won a struggle with the company’s founder, Marc Lassus, for control of the company.15 Also in 2000, TPG completed an investment in Seagate Technology. As usual, we also want to “circle back” to share other recent insights from our ecosystem, senior leaders, and investing professionals that you might have missed.

DirecTV-Dish merger: How it will impact customers

TPG is a leading global alternative asset management firm, founded in San Francisco in 1992, with $229 billion of assets under management and investment and operational teams around the world. TPG invests across a broadly diversified set of strategies, including private equity, impact, credit, real estate, and market solutions, and our unique strategy is driven by collaboration, innovation, and inclusion. Our teams combine deep product and sector experience with broad capabilities and expertise to develop differentiated insights and add value for our fund investors, portfolio companies, management teams, and communities.

Impact solutions at scale

• TPG (or SBTPG) is Santa Barbara Tax Products Group, which is an intermediary company that initially receives one’s Federal refund if one chose to pay any TurboTax fees out of a Federal refund.
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Santa Barbara Tax Products Group, LLC  (SBTPG) is the bank that handles the Refund Processing Service when you choose to have your TurboTax fees deducted from your refund. This option also has an additional charge from the bank that processes the transaction. TPG (or SBTPG) is Santa Barbara Tax Products Group, which is an intermediary company that initially receives one’s Federal refund if one chose to pay any TurboTax fees out of a Federal refund.

Evercare is an emerging markets healthcare fund dedicated to providing affordable, high-quality care. Because forward-looking statements relate to the future, by their nature, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to limefx predict. As a result, our actual results may differ materially from those contemplated by any forward-looking statements. I think portfolio companies look for sector expertise and track record capability, but at the end of the day, one of the most important key strengths is that people want to do business with people they like. And I think the culture at TPG that encourages people to be more understated and to lead with your capabilities versus too much bravado, is a really important thing to do well in a market like Asia. With the final close, TPG Rise Climate reaches its hard cap, bringing together a unique blend of capital from some of the world’s most prominent institutional investors and a diverse set of industry-leading global companies.