(Bloomberg) -- DirecTV notified EchoStar Corp. of its intention to terminate an acquisition of Dish Network Corp. after bondholders failed to consent to a key debt exchange, all but killing a deal ...
EchoStar confirmed in a filing on Friday that it had received written notice from DirecTV on Nov. 20. It added no termination fee or other payment is due from either party as a result. A group of ...
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 ...
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.
By Georg Szalai Global Business Editor EchoStar, which recently agreed to sell its Dish and Sling TV businesses to DirecTV to create a new pay-TV giant, lost 43,000 net pay-TV subscribers in the ...
The termination of the agreement follows Dish noteholders’ failure to agree to the proposed exchange debt offer terms issued by EchoStar, which was a condition of DIRECTV’s obligations to ...
EchoStar stock plunged 13% Tuesday on the news that bondholders of subsidiary Dish Network rejected a proposed debt deal seen as key to sealing a merger with satellite rival DirecTV. Shares fell ...
The latest quarterly results come as EchoStar has entered into an agreement to sell Dish to rival DirecTV in a deal valued at $1 and $9.75 billion in debt. The deal is expected to close in the ...
Nov 12 (Reuters) - Satellite TV provider DirecTV said on Tuesday it will abandon its planned acquisition of EchoStar's (SATS.O), opens new tab satellite television business that includes Dish TV ...