Satellite TV provider DirecTV said on Tuesday it will abandon its planned acquisition of EchoStar's satellite television business that includes Dish TV by Nov. 22 if bondholders don't agree to a debt exchange.A group of Dish bondholders on Monday rejected the proposed debt-exchange offer from DirecTV that

Channel News Asia

Singapore

DirecTV to drop Dish acquisition plan if EchoStar debt-exchange offer fails

Media Bias/Fact Check

Government of Singapore

DirecTV's proposed acquisition of Dish assets is most likely dead after a group of bondholders rejected a revised offer.

Ad Fontes Media

All Sides

CNBC

Roberts family

United States

DirecTV says Dish purchase is off

(Reuters) –     Satellite TV provider DirecTV said on Tuesday it will abandon its planned acquisition of EchoStar’s satellite television business that includes Dish TV by Nov. 22 if bondholders don’t agree to a debt exchange. A group of Dish bondholders on Monday rejected the proposed debt-exchange offer from DirecTV that was contingent upon them accepting a “haircut” of $1.5 billion. “A successful exchange was a condition for acquiring the Dish…

WTVB

Midwest Communications

DirecTV may cancel purchase of Dish Network if bondholders veto debt exchange in 10 days.

Seeking Alpha

DirecTV will terminate Dish deal unless debt swap resolved

DirecTV is threatening to walk away from an acquisition of rival Dish Network for $1 and $9.75 billion in debt on Nov. 22 if the latter satellite TV giant’s bondholders don’t agree to a debt exchange.  “A successful exchange was a condition for acquiring the Dish video business,” a DirecTV spokesperson told TheWrap. “Given the outcome of the EchoStar exchange, DirecTV will have no choice but to terminate the acquisition of Dish by midnight on No…

The Wrap

DirecTV Threatens to Walk Away From Dish Acquisition Over Debt Exchange Dispute

(Courtesy image, Graphic by The Desk) An agreement to merge Echostar’s pay television businesses Dish Network and Sling TV with rival satellite and streaming TV distributor DirecTV could be called off just before the Thanksgiving holiday, a spokesperson for DirecTV confirmed to The Desk on Tuesday. The central issue that has the deal on thin ice involves a bond exchange offer that would see Dish Network’s creditors exchange around $9.75 billion …

The Desk

DirecTV warns it will terminate Dish purchase on November 22 if creditor issue is unresolved

A Dish Network satellite dish (L) is mounted next to a DirecTV dish on the roof of an apartment building on April 15, 2013 in San Rafael, California. Justin Sullivan | Getty Images News | Getty Images DirecTV abandons the acquisition of Dish assets after a group of bondholders refused to accept the terms of […]

Daily Expert News

DirecTV says dish purchases have been disabled

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mediagazer.com

DirecTV plans to terminate its planned acquisition of Dish by midnight on November 22, 2024, if bondholders don't agree to a debt exchange

The U.S. pay-TV landscape, DirecTV announced it will terminate its planned acquisition of Dish Network Corporation if Dish bondholders don’t agree to a critical debt exchange within the next 10 days. The deadline for the deal’s survival is fast approaching,… The post DirecTV Threatens Termination of Dish Network Acquisition Over Bondholder Standoff appeared first on The Asia Live.

DirecTV to drop Dish acquisition plan if EchoStar debt-exchange offer fails

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