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DirecTV-Dish Merger In Jeopardy
DirecTV scrapping DISH merger
Satellite TV provider DirecTV is walking away from its planned acquisition of EchoStar's video distribution service, DISH DBS, after DISH bondholders rejected a debt exchange.
DIRECTV to walk away from DISH merger talks if bondholders aren't swayed soon
The two satellite companies would form the largest pay-TV company in the United States if they merged, but DIRECTV is losing patience. Time appears to be running out for a combination of DISH and DIRECTV.
DirecTV said it plans to abandon its Dish merger
Satellite TV provider DirecTV said on Tuesday it will abandon its planned acquisition of EchoStar’s satellite television business that includes Dish TV by Nov. 22 if bondholders don’t agree to a debt exchange.
TV Technology
9h
DirecTV Drops EchoStar Merger Bid
A DirecTV spokesperson told the Post: “A successful [debt] exchange was a condition for acquiring the Dish video business.
1d
DirecTV Threatens to Walk Away From Dish Acquisition Over Debt Exchange Dispute
The deal between the rival satellite TV giants for $1 and $9.75 billion in debt is contingent upon Dish's bondholders ...
1d
on MSN
EchoStar Stock Plunges After Dish Network Debt Holders Spurn Bond Deal Seen As Key To DirecTV Merger
EchoStar stock plunged 13% Tuesday on the news that bondholders of subsidiary Dish Network rejected a proposed debt deal seen ...
2d
DirecTV Is The Latest To Launch A FAST Service
DirecTV launched a new FAST service called MyFree DirecTV. FAST networks are growing in popualrity as SVOD subscriber grwoth ...
2d
on MSN
EchoStar Posts Loss of Dish, Gain of Sling TV Subs in Third Quarter, Raises $5.2B in Fresh Capital
The telecom giant, led by CEO Hamid Akhavan and executive chairman Charlie Ergen, has agreed to be acquired by DirecTV to ...
2d
on MSN
Paramount Shareholder Mario Gabelli Asks FCC To Delay Review Of Skydance Merger Pending His Request For More Financial Details
Longtime Paramount Global shareholder Mario Gabelli is stepping up his campaign for more transparency around the company's ...
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