(Reuters) - Satellite TV provider DirecTV said on Tuesday it will abandon its planned acquisition of EchoStar's satellite television business that includes Dish TV by Nov. 22 if bondholders don't ...
EchoStar, which recently agreed to sell its Dish and Sling TV businesses to DirecTV to create a new pay-TV giant, lost 43,000 net pay-TV subscribers in the third quarter, compared with a drop of ...
The termination of the agreement follows Dish noteholders’ failure to agree to the proposed exchange debt offer terms issued by EchoStar, which was a condition of DIRECTV’s obligations to ...
U.S. satellite TV provider DirecTV said on Thursday it had terminated its agreement to acquire Echostar's satellite television business, which includes rival Dish TV, over a failed debt-exchange ...
(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 to ...
We expect DISH and EchoStar bondholders to benefit from two companies with stronger financial profiles and more sustainable capital structures." "DIRECTV was founded 30 years ago to give consumers ...
EchoStar stock plunged 13% Tuesday on the news that bondholders of subsidiary Dish Network rejected a proposed debt deal seen as key to sealing a merger with satellite rival DirecTV.