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DirecTV scrapping DISH merger

Summary by Fox Business
DirecTV says it is walking away from its planned acquisition of EchoStar's video distribution service, DISH DBS, after Dish bondholders rejected a debt exchange offer from the satellite TV provider."A successful exchange was a condition for acquiring the DISH video business," a DirecTV spokesperson said in a statement to FOX Business on Wednesday. "Given the outcome of the EchoStar exchange, DIRECTV will have no choice but to terminate the acqui…
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