Satellite TV giant DirecTV called off its deal with Charlie Ergen’s EchoStar to acquire rival Dish TV and other assets.
In addition, Dish bondholders had to agree to exchange their debt for new debt in the merged company at a discounted rate, taking a haircut of roughly $1.57 billion on the debt. Dish bondholders recently rejected that proposal.“We have terminated the transaction because the proposed exchange terms were necessary to protect DirecTV’s balance sheet and our operational flexibility,” Bill Morrow, CEO of DirecTV, said Thursday.
MSNBC staffers 'in a panic' as NBC parent Comcast plans to spin off channel — and possibly change its nameIt would have also provided a vital lifeline to EchoStar, which was co-founded by telecommunications entrepreneur Ergen and is currently weighed down with more than $20 billion in debt.
Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
DirecTV calls off acquisition of rival Dish, possibly ending a yearslong pursuitDirecTV 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
Herkunft: Mynorthwest - 🏆 438. / 53 Weiterlesen »
DirecTV calls off acquisition of rival Dish, possibly ending a yearslong pursuitDirecTV is calling off its planned acquisition of rival Dish after the offer was rejected by bond holders at that company
Herkunft: ABC - 🏆 471. / 51 Weiterlesen »
DirecTV calls off acquisition of rival Dish, possibly ending a yearslong pursuitDirecTV is calling off its planned acquisition of rival Dish after the offer was rejected by bond holders at that company.
Herkunft: ksatnews - 🏆 442. / 53 Weiterlesen »
DirecTV calls off acquisition of rival Dish, possibly ending a yearslong pursuitDirecTV is calling off its planned acquisition of rival Dish after the offer was rejected by bond holders at that company.
Herkunft: wjxt4 - 🏆 246. / 63 Weiterlesen »
DirecTV calls off acquisition of Colorado-based rival Dish, possibly ending years-long pursuitDirecTV was looking to acquire Dish TV and Sling TV from its owner, Englewood-based EchoStar, in a debt exchange transaction that included a payment of $1, plus the assumption of approximately $9.8…
Herkunft: denverpost - 🏆 13. / 72 Weiterlesen »
DirecTV calls off acquisition of rival Dish, possibly ending a yearslong pursuitThe retreat by DirecTV this week may end a years-long effort by the company to acquire both Dish and Sling after it announced the bid in September.
Herkunft: sdut - 🏆 5. / 95 Weiterlesen »