DirecTV says it is walking away from its planned acquisition of EchoStar's video distribution service, DISH DBS, after DISH bondholders rejected a debt exchange offer from the satellite TV provider.
DirecTV announced this week that it is cancelling its merger with Dish due to concerns over a debt swap by bond holders. The agreement hinged on Dish bondholders accepting a debt swap, which would ...
DirecTV's proposed acquisition of Dish assets is more than likely dead after a group of bondholders rejected a revised offer. The deal could possibly be salvaged if Dish Chairman Charlie Ergen comes ...
DirecTV is calling off its planned acquisition of rival Dish after the offer was rejected by bond holders at that company. The deal was reliant on Dish bond holders agreeing to trade in the debt they ...
DirecTV has 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 ...
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Some bondholders wouldn’t accept a discount, so DirecTV said it will give up its plan to buy rival Dish. Bondholders of Dish parent EchoStar rejected DirecTV’s acquisition terms for its satellite ...
DirecTV on Thursday formally announced that it was nixing the agreement with EchoStar to buy Dish Network. The deal is being terminated effective as of 11:59 p.m. ET on Nov. 22, DirecTV said.
DirecTV and Dish Network, longtime satellite TV adversaries, are set to merge. DirecTV announced a deal Monday with Dish parent company EchoStar to acquire Dish in a deal valued at nearly $10 billion ...
DirecTV is abandoning its acquisition of Dish assets after a group of bondholders refused to accept the terms of a proposed debt offer, a DirecTV spokesperson said. "A successful exchange was a ...