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DirecTV is calling off its planned acquisition of rival Dish after the offer was rejected by bond holders at that company.
DirecTV calls off acquisition of rival Dish, possibly ending a yearslong pursuit DirecTV was looking to acquire Dish TV and Sling TV from its owner EchoStar in a debt exchange transaction.
The termination of the Dish acquisition does not affect TPG’s acquisition of the remaining 70% stake in DIRECTV from AT& T (T), which is expected to close in the second half of 2025, it added.
(Bloomberg) -- 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 ...
DirecTV said the termination of the deal won't affect TPG's (TPG) acquisition of the private-equity firm 's remaining 70% stake in the satellite provider from telecommunications giant AT&T (T).
DirecTV is calling off its planned acquisition of rival, and Colorado-based, Dish after the offer was rejected by bond holders at that company.
DirecTV terminates acquisition of EchoStar's video distribution business due to refusal of proposed debt exchange. EchoStar stock tanks.