DirecTV intends to terminate its planned acquisition of Dish Network Corp. in 10 days if bondholders don’t agree to a debt ...
DirecTV’s purchase of EchoStar’s subscription television business could collapse unless bondholders agree to accept a ...
Dish bondholders rejected DirecTV's revised offer on Monday which lowered the minimum loss on $8.9 billion of bonds ...
The deal between the rival satellite TV giants for $1 and $9.75 billion in debt is contingent upon Dish's bondholders ...
EchoStar stock plunged on the news that bondholders of Dish Network rejected a proposed debt deal seen as key to sealing a merger with DirecTV.
A DirecTV spokesperson told the Post: “A successful [debt] exchange was a condition for acquiring the Dish video business.
Dish and EchoStar merged in January and the combined company has pursued a telco-oriented strategy, steering away from pay-TV in a bid to challenge establish players AT&T, Verizon and T-Mobile.
For DirecTV’s part, acquiring Dish Network also involves investor TPG Inc. buying out AT&T’s 70% ownership stake in DirecTV. Bill Morrow, CEO of DirecTV, said last month that combining the ...
The deal will give complete control of DirecTV to TPG, which bought a 30% stake in the business from AT&T in 2021. TPG plans to combine DirecTV with another satellite TV company, Dish. AT&T ...