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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.

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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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