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

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The 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.

FILE – 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.

The retreat by DirecTV this week may end a years-long effort by the company to acquire both Dish and Sling after it “While we believed a combination of DirecTV and Dish would have benefited 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 a statement.resurfaced over the years. And the two almost merged more than two decades ago — but the Federal Communications CommissionThe pay-for-TV market has shifted significantly since.

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