News Formal

DirecTV Cancels Merger With Dish Over Debt Swap

  • 📰 Newsweek
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 52%

Deutschland Nachrichten Nachrichten

Deutschland Neuesten Nachrichten,Deutschland Schlagzeilen

DirecTV's withdrawal appears to mark the end of its years-long pursuit to acquire both Dish and Sling, following its initial bid in September.

DirecTV announced this week that it is cancelling its merger with Dish due to concerns over a debt swap by bond holders.The agreement hinged on Dish bondholders accepting a debt swap, which would have required them to exchange their existing holdings for new debt in the restructured company—a move that would have collectively cost them approximately $1.6 billion.

The two companies nearly combined more than two decades ago, but the Federal Communications Commission blocked the $18.5 billion deal at the time, citing antitrust concerns.Merger CanceledIn a statement on Thursday, Morrow said, '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.

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:

 /  🏆 468. in DE
 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

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 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 »