---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-228321"
form_type: "8-K"
ticker: "T"
cik: "0000732717"
company_name: "AT&T INC."
filed_at: "2024-09-30T23:59:59+00:00"
generated_at: "2026-05-31T01:00:35.628640+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# AT&T sells remaining 70% DIRECTV stake to TPG for ~$7.6 billion in cash through 2029

## Summary
- Total expected cash payments of ~$7.6B: $1.7B pre-tax H2 2024, $5.4B after-tax in 2025, $0.5B final payment in 2029.
- DIRECTV to make special distribution of at least $1.625B before March 31, 2025; AT&T receives ~70%.
- Transaction expected to close in H2 2025, subject to regulatory clearance and customary closing conditions.
- AT&T has received $19B in cash distributions from DIRECTV since initial TPG deal in 2021.
- Sale allows AT&T to focus on wireless 5G and fiber connectivity and strengthen balance sheet.

## SEC filing metadata
- accession: 0001193125-24-228321
- form_type: 8-K
- ticker: T
- cik: 0000732717
- company_name: AT&T INC.
- filed_at: 2024-09-30T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 7.01, 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/732717/000119312524228321/0001193125-24-228321-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/732717/000119312524228321/d35594d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-228321
- JSON: https://secwatch.observer/filing/0001193125-24-228321.json
- Plain text: https://secwatch.observer/filing/0001193125-24-228321.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.