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

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

on Friday
Anonymous $Uu1e96lHBL

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.

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

Fri Nov 22, 3:44pm UTC
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.