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DirecTV calls off acquisition of rival Dish, possibly ending a yearslong pursuit

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DirecTV is calling off its planned acquisition of rival Dish after the offer was rejected by bond holders at that company.

🦃 Things to do in San Antonio: Holiday lights, Tejano Music Awards, Thanksgiving turkey giveawaysBeautiful weekend, then a roller coaster ride for Thanksgiving weekTired of bumper-to-bumper traffic? Swap your car for this electric scooterFILE - Dish Network satellite dishes are shown at an apartment complex in Palo Alto, Calif., Feb. 23, 2011. is calling off its planned acquisition of rival Dish after the offer was rejected by bond holders at that company.

DirecTV was looking to acquire Dish TV and Sling TV from its owner EchoStar in a debt exchange transaction that included a payment of $1, plus the assumption of approximately $9.8 billion in debt. The deal was contingent on several factors, including regulatory approvals and bondholders writing off debt related to Dish.

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