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DirecTV, Dish and EchoStar
EchoStar Shares Fall With Dish-DirecTV Merger Prospects Dim
DirecTV notified EchoStar Corp. of its intention to terminate an acquisition of Dish Network Corp. after bondholders failed to consent to a key debt exchange, all but killing a deal to create the largest US pay-TV service.
EchoStar’s Planned Sale to DIRECTV Falls Through
Echostar ( (SATS) ) just unveiled an update. EchoStar Corporation’s planned sale of its Pay-TV business to DIRECTV has been called off after DIRECTV terminated the agreement due to unmet conditions. The acquisition,
Oh! DirecTV and Dish won't merge after all
The whole reason Dish was pursuing a sale is because the company is utterly riddled with debt; DirecTV was going to buy Dish for $1 and assume its debt of $9.75 billion. Presumably, everyone knew those figures going in,
3d
on MSN
DirecTV calls off acquisition of satellite TV rival Dish — as lenders revolt
Satellite TV giant DirecTV called off its deal with Charlie Ergen’s EchoStar to acquire rival Dish TV and other assets. The ...
Yahoo
3d
DirecTV Scraps Merger With Rival Dish
In September,
DirecTV
agreed to buy Dish from
EchoStar
for a nominal $1, plus the assumption of debt. - Kyle ...
3d
DirecTV terminates Dish deal over failed debt swap
The proposed deal, initially announced in September, was seen as a strategic consolidation in a shrinking pay-TV market.
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