DirecTV has dropped its plans to acquire Dish, the company announced Thursday. The deal would’ve created a TV service megamerger, but it fell through after Dish bondholders rejected the takeover. In September, DirecTV reached an agreement to acquire Dish, Sling TV, and EchoStar’s TV business for just one dollar, while also taking on Dish’s $9.75 billion in debt.
“While we believed a combination of DIRECTV and DISH would have benefitted all stakeholders, we have terminated the transaction because the proposed Exchange Terms were necessary to protect DIRECTV’s balance sheet and our operational flexibility,” DirecTV CEO Bill Morrow said in the press release. This isn’t the first time a deal between DirecTV and Dish has soured. The Federal Communications Commission blocked a merger between both companies in 2002.
Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:
Colombia Últimas Noticias, Colombia Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
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
Fuente: Mynorthwest - 🏆 438. / 53 Leer más »
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
Fuente: ABC - 🏆 471. / 51 Leer más »
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.
Fuente: ksatnews - 🏆 442. / 53 Leer más »
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.
Fuente: wjxt4 - 🏆 246. / 63 Leer más »
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…
Fuente: denverpost - 🏆 13. / 72 Leer más »