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(WJET/WFXP) — After months of negotiations, DIRECTV announced that it has terminated its deal to acquire DISH DBS, the parent company of DISH, and its streaming service, Sling TV, in a multi ...
DirecTV on Thursday formally 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 is in talks with EchoStar, Dish’s parent company, to acquire Dish and Sling TV, according to reports by Bloomberg, the Wall Street Journal and CNBC. A deal could be finalized as early as ...
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.
The retreat by DirecTV this week may end a years-long effort by the company to acquire both Dish and Sling after it announced the bid in September. DirecTV was looking to acquire Dish TV and Sling TV from its owner EchoStar in a debt exchange transaction that included a payment of $1, plus the assumption of approximately $9.8 billion in debt.
DirecTV and Dish are in advanced talks to merge in a deal that would create the largest U.S. pay-TV provider, with almost 20 million subscribers, people familiar with the matter said.
DirecTV announced in September it would pay $1 for DISH DBS, which means it would own DISH TV and Sling TV, and agreed to assume $9.75 billion of DISH's debt in the deal.
Shares in EchoStar, which owns Dish Network, fell by more than 11% on Monday following the news. The stock had surged nearly 10% on Friday after the acquisition rumors intensified.