Published

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

  • DirecTV has abandoned its acquisition of Dish after bond holders rejected the offer, ending a long-standing pursuit.
  • The proposed exchange would have required a payment of $1 and assumed about $9.8 billion in debt.
  • DirecTV CEO Bill Morrow stated that the deal was terminated to protect DirecTV's balance sheet and operational flexibility.
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  • 53% of the sources are Center
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