DirecTV Ends $1 Dish Acquisition After Satellite TV Operator’s Debt Holders Refuse Exchange Offer Terms
DirecTV Nov. 22 announced that it is terminating the $1 acquisition of rival satellite TV operator Dish after the latter’s debt holders of parent EchoStar refused to lower the value of their $1.98 billion in outstanding bonds. The termination, effective at 11:59 p.m. ET today, follows Dish noteholders’ failure to agree to slash a reported … Continue reading “DirecTV Ends $1 Dish Acquisition After Satellite TV Operator’s Debt Holders Refuse Exchange Offer Terms”
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