Termination Follows Rejection by DISH DBS Noteholders of EchoStar Debt Exchange Offer Terms DIRECTV to Continue Executing Strategy to Deliver Future of Pay TV to Consumers EL SEGUNDO, Calif., Nov. 21, 2024 /PRNewswire/ -- DIRECTV (the "Company") today announced that it has notified EchoStar of its election to terminate, effective as of 11:59 p.m., ET on Friday, November 22nd, 2024, the Equity Purchase Agreement (EPA) pursuant to which it had agr…

Benzinga

New York

United States

DIRECTV Announces Termination of Agreement to Acquire EchoStar's Video Distribution Business

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Media Bias/Fact Check

The U.S.’s two satellite TV providers aren’t getting hitched anymore, at least anytime soon. DirecTV on Thursday announced that it was nixing the agreement with EchoStar to buy Dish Network. The deal is being terminated effective as of 11:59 p.m. ET on Nov. 22, DirecTV said. DirecTV’s official termination of the agreement follows Dish DBS […]

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Variety

Penske Media Corporation

Los Angeles

Los Angeles County

California

DirecTV Ditches Dish Deal

DirecTV has terminated its deal with EchoStar to acquire Dish DBS following bondholders’ opposition to the debt-exchange proposal. The merger would have created the largest U.S. pay-TV provider, with DirecTV assuming EchoStar’s debt. “While we believed a combination of DirecTV and DISH would have benefitted all stakeholders, we have terminated the transaction because the proposed […]

Deadline

DirecTV Abandons Dish Acquisition After Bondholders Reject Proposal

(Reuters) –     DirecTV will terminate its planned acquisition of Dish TV after bondholders rejected a debt swap that the deal relied on, Axios reported on Thursday, citing a person familiar with the matter. Satellite TV provider DirecTV said earlier this month it will abandon its planned the acquisition of EchoStar’s satellite television business, which includes Dish TV, by Nov. 22 if bondholders don’t agree to a debt exchange.  (Reporting by G…

WTVB

Midwest Communications

DirecTV to terminate Dish deal over debt swap exchange, Axios reports

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BizToc

DirecTV to Call Off Dish Takeover After Bondholders Balk

DirecTV will terminate its planned acquisition of rival Dish Network following bondholders' rejection of a debt swap that the deal depended upon, an individual familiar with the situation tells Axios. 
Why it matters: A merger between the two struggling satellite TV providers was seen as essential…

Upstract

DirecTV-Dish deal falls apart

Termination Follows Rejection by DISH DBS Noteholders of EchoStar Debt Exchange Offer Terms

The Chandler Arizonan

Chandler

Maricopa County

Arizona

Gilbert Sun News

(Courtesy image, Graphic by The Desk) Pay television provider DirecTV on Thursday officially announced it will terminate its agreement to acquire rival satellite company Dish Network and its streaming service Sling TV from Echostar this week. In a statement received by The Desk, DirecTV said has notified Echostar of its intent to talk away from the deal on Friday, November 22, one minute before midnight Eastern Time. The decision comes after Ech…

The Desk

DirecTV tells Dish Network it will break off merger agreement on Friday

EchoStar has hit a stumbling block in its efforts to refocus its business on Boost Mobile. EchoStar previously reached an agreement to sell its Dish satellite TV business — including its Sling streaming TV service — to DirecTV. At the time, EchoStar said the deal would allow it to "focus more clearly" on building Boost's new 5G network. Now DirecTV has decided to terminate the deal, after failing to reach an agreement on the details of how to ha…

DIRECTV Announces Termination of Agreement to Acquire EchoStar's Video Distribution Business

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