The new subsidiary was initially composed of four units: Delco Electronics Company, Hughes Aircraft Company, Hughes Space and Communications Company, and Hughes Network Systems. General Motors then merged Hughes Aircraft with its subsidiary Delco Electronics to create Hughes Electronics Corporation. In 1984, the court appointed a new board for HHMI, which proceeded to sell off Hughes Aircraft to General Motors on December 20, 1985, for an estimated $5.1 billion. Following Hughes' death in 1976, HHMI was incorporated in 1977, and litigation ensued to determine whether it would be allowed to maintain its interest in Hughes Aircraft.

Ostensibly created as a non-profit medical research foundation, HHMI was accused of being used by Hughes as a tax shelter. In 1953, Howard Hughes created the Howard Hughes Medical Institute (HHMI), to which he transferred full ownership of Hughes Aircraft.

11.1 Washington State Attorney General civil complaint.

11 Consumer protection lawsuits and violations.

On February 25, 2021, AT&T announced that it would spin-off DirecTV, U-Verse TV, and DirecTV Stream into a separate entity, selling a 30% stake to TPG Inc., while retaining a 70% stake in the new standalone company. Īs of the end of Q1 2021, AT&T had 15.9 million pay-TV customers, including DirecTV, U-Verse, and DirecTV Stream subscribers. On July 24, 2015, after receiving approval from the Federal Communications Commission and the Department of Justice, AT&T acquired DirecTV in a transaction valued at $67.1 billion. Its primary competitors are Dish Network, traditional cable television providers, IP-based television services, and other over-the-top video services. It also provides traditional linear television service delivered by IP through its U-verse TV brand and a Virtual MVPD service through its DIRECTV STREAM brand. Originally launched on June 17, 1994, its primary service is a digital satellite service serving the United States.

4K Reverse Band Slimline 3 DirecTV satellite dish with a multi-satellite LNBĭIRECTV (trademarked as DIRECTV) is an American multichannel video programming distributor based in El Segundo, California.

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