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.
TV provider Dish Network to DirecTV Monday for $1 in equity and $9.75 billion in associated debt. The transaction, if ...
Long-time rival DirecTV on Monday said it will pay $1 and assume $9.7 billion in EchoStar debt to acquire Dish Network and ...
EchoStar plans to aggressively expand its satellite and terrestrial mobile broadband services after shedding debt and its video distribution business.
DirecTV and Dish Network are merging in an effort to combat their many streaming rivals. “DIRECTV operates in a highly ...
The merger of EchoStar's video businesses and DirecTV will also coincide with TPG agreeing to buy out the 70 percent of ...
DirecTV today announced an agreement to buy the Dish satellite TV and Sling TV streaming business from EchoStar for a nominal ...
Investors are unimpressed. EchoStar stock fell 18.5% through 10:15 a.m. ET on the news.
EchoStar's deal to sell Dish to DirecTV, which will assume $9.75 billion in debt, is akin to Dish defaulting on its debt ...
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