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On Nov. 12, Dish’s creditors turned down the offer to exchange their debt for new debt in the merged DirecTV-Dish at a discounted rate (under which they would have seen a $1.5 billion loss on $8 ...
DirecTV is calling off its planned acquisition of rival Dish after the offer was rejected by bond holders at that company. The deal was reliant on Dish bond holders agreeing to trade in the debt ...
DirecTV and Dish have launched internet-delivered pay-TV packages, but those have not offset losses on the satellite side. Together, DirecTV and Dish have nearly 20 million customers, which is ...
DirecTV is calling off its planned acquisition of rival Dish after the offer was rejected by bond holders at that company. The deal was reliant on Dish bond holders agreeing to trade in the debt they held for debt in the new company, a swap that would have cost them about $1.6 billion, collectively.
DirecTV is buying Dish and Sling as the company, a deal it has sought to complete for years, as seeks to better compete against streaming services that have become dominant. DirecTV said Monday that it will acquire Dish TV and Sling TV from its owner EchoStar in a debt exchange transaction that includes a payment of $1, plus an assumption of debt.
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 ...
The deal was originally agreed upon on September 30th where EchoStar, DISH DBS’s parent company, would sell DISH and Sling TV to DIRECTV for $1, along with the transfer of nearly $10 billion in ...
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 ...
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