The pair of deals let private-equity firm TPG buy AT&T’s remaining stake in DirecTV and absorb rival Dish.

DirecTV and Dish have agreed to combine in a deal that will create the biggest pay-TV provider in the US.Under the terms of the transaction, DirecTV will acquire Dish from its owner EchoStar Corp. for a nominal consideration of $1 plus the assumption of about $9.

The deal, which is subject to regulatory approval, would create one of the largest pay-TV distributors in the U.S. The companies were blocked in an attempt to merge in 2002.