DirecTV/Dish merger has a problem as debt holders object to $1.6 billion loss
DirecTV agreed to buy the Dish satellite TV and Sling TV business for a nominal fee of $1, in exchange for taking on $9.75 billion of Dish debt. But DirecTV's deal announcement on Monday said the merger needs approval from Dish debt holders, who would see their investments devalued.
After selling its Dish TV business, EchoStar wants to focus more on cellular service through its Boost Mobile brand, ...
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EchoStar's deal to sell Dish to DirecTV, which will assume $9.75 billion in debt, is akin to Dish defaulting on its debt ...
Bill Morrow, DirecTV CEO, joins 'Squawk on the Street' to discuss why DirecTV completed its recent deal with EchoStar, why ...
Long-time rival DirecTV on Monday said it will pay $1 and assume $9.7 billion in EchoStar debt to acquire Dish Network and ...
Investors are unimpressed. EchoStar stock fell 18.5% through 10:15 a.m. ET on the news.
EchoStar plans to aggressively expand its satellite and terrestrial mobile broadband services after shedding debt and its video distribution business.
EchoStar's sale of its video distribution business to DIRECTV for $1 leaves it with fewer cash-generating assets. Read why ...
DirecTV today announced an agreement to buy the Dish satellite TV and Sling TV streaming business from EchoStar for a nominal ...
EchoStar (SATS) announced it will sell its video distribution business, including Dish and Sling, to DirecTV for a nominal ...
On Wednesday, EchoStar Corp (SATS) stock saw a modest uptick, ending the day at $24.36 which represents a slight increase of $0.27 or 1.12% from the prior close of $24.09. The stock opened at $24 and ...
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