Connect with us

Hi, what are you looking for?

TopMarketReports.comTopMarketReports.com

Tech News

DirecTV and Dish’s on-and-off merger saga switches back to off

Illustration of the Dish wordmark on a black and red background.
Illustration by Alex Castro / The Verge

DirecTV has dropped its plans to acquire Dish, the company announced Thursday. The deal would’ve created a TV service megamerger, but it fell through after Dish bondholders rejected the takeover.

In September, DirecTV reached an agreement to acquire Dish, Sling TV, and EchoStar’s TV business for just one dollar, while also taking on Dish’s $9.75 billion in debt. However, Dish bondholders — or the investors who lend money to a company (and expect to be paid back) — weren’t happy about the decision, as the transaction would’ve cut the value of their holdings by $1.5 billion.

“While we believed a combination of DIRECTV and DISH would have benefitted all stakeholders, we have terminated the transaction because the proposed Exchange Terms…

Continue reading…

You May Also Like

Tech News

Photo by Amelia Holowaty Krales / The Verge Apple’s ability to sell the Watch Series 9 and Ultra 2 in the US is in...

Tech News

People loved uploading videos from their iPhone Camera Roll directly to YouTube. | Image: The Verge The “IMG_0001” website features a frame with an...

Editor's Pick

Join Tony as he walks you through a Macro Market outlook, where he shares his top bearish and bullish options trading ideas, These include...

Editor's Pick

When looking for stocks to invest in, spotting strong stocks in promising sectors poised to bounce can be tricky and complicated. You have to...