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Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.
Satellite television is declining fast in the US. But with its $7.6bn deal to acquire full control of DirecTV from AT&T, private equity group TPG is betting the industry can survive for long enough to fund a budget streaming option to challenge the new powerhouses of the entertainment business — Disney, Alphabet, Amazon and Apple.
Following Monday’s deal, TPG plans…
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