DirecTV is buying Dish and Sling as the company, a deal it has sought to complete for years as seeks to better compete against streaming services that have become dominant

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.