AT&T in Exclusive Talks to Offload Stake in DirecTV

Reuters: Private equity firm TPG has entered into exclusive talks to acquire a minority stake in AT&T’s satellite TV division, DirecTV, in a deal that would allow the US wireless carrier to trim its net debt of close to $150 billion. The exact price TPG is willing to pay could not be learned, but sources said the deal could value DirecTV at more than $15 billion. A deal could be announced in the coming weeks.