https://apnews.com/article/directv-echostar-sling-dish-a6e6dd3199c4fb8f57cba990f5c95341

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

The deal was reliant on Dish bond holders agreeing to trade in the debt they held for debt in the new company, a swap that would have cost them about $1.6 billion, collectively.