By Gnaneshwar Rajan (Reuters) -U.S. satellite TV provider DirecTV said on Thursday it had terminated its agreement to acquire Echostar’s satellite television business, which includes rival Dish TV, over a failed debt-exchange offer. The deal would have created one of the nation’s largest pay TV distributors with a combined 20 million subscribers. For the deal…
(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…
(Bloomberg) — A financing led by TPG Angelo Gordon amid the proposed tie-up between satellite pay-TV providers Dish Network and DirecTV is creating a fresh wrinkle in an already complicated and contentious deal process. Most Read from Bloomberg Dish agreed last month to merge with DirecTV via a series of transactions that would see AT&T…
Good morning, Quartz readers! HERE’S WHAT YOU NEED TO KNOW Mark Cuban has words for Elon Musk. Those words are about Donald Trump, and they are: “His loyalty is only to himself.” AT&T is selling its stake in DirecTV AI is going nuclear in Michigan. Plans are being finalized to restart a nuclear reactor to…
By Dawn Chmielewski (Reuters) -Walt Disney and DirecTV announced they have reached an agreement in principle on Saturday, restoring college football and other programming to the satellite TV provider’s more than 11 million subscribers. The deal affords satellite TV subscribers greater choice and flexibility, the companies said in a joint statement. DirecTV customers had lost…