DirecTV is pulling out of an agreement to buy its satellite rival Dish after bondholders objected to terms of the deal. DirecTV issued an announcement last night saying "it has notified EchoStar of its election to terminate, effective as of 11:59 p.m., ET on Friday, November 22nd, 2024, the Equity Purchase Agreement (EPA) pursuant to which it had agreed to acquire EchoStar's video distribution business, Dish DBS." In the deal announced on September 30, DirecTV was going to buy the Dish satellite TV and Sling TV streaming business from EchoStar for a nominal fee of $1.

Topics:  november   equity purchase agreement epa    dish dbs   september   sling tv   dish network   comments   dish   echostar   tv   directv   deal   buy   business   debt   terms   objected   amount   principal   bondholders   reduced   
BING NEWS:
  • 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.
    11/22/2024 - 4:34 am | View Link
  • 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 deal would have created one of the largest pay TV distributors in ...
    11/22/2024 - 4:15 am | View Link
  • DirecTV Ditches Dish Deal
    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.
    11/22/2024 - 3:45 am | View Link
  • DIRECTV cancels deal to buy DISH after creditors reject debt swap terms
    DIRECTV terminated its effort to buy the DISH satellite TV provider effective Friday. DIRECTV said the deal, set to take effect at 11:59 p.m. EST, was derailed by DISH DBS note holder's failure to ...
    11/22/2024 - 3:09 am | View Link
  • DirecTV announces termination of deal to buy Dish satellite business
    In the deal announced on September 30, DirecTV was going to buy the Dish satellite TV and Sling TV streaming business from EchoStar for a nominal fee of $1. DirecTV would have taken on $9.75 billion ...
    11/21/2024 - 10:44 pm | View Link
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