DirecTV Drops EchoStar Merger Bid – Everything Law and Order Blog

DirecTV said Wednesday it will drop its bid to merge with EchoStar due to concerns over financing of the deal. The merger would have created the nation’s largest satellite TV service in an industry that launched just 30 years ago.

When the two companies said they would pursue a merger in late September, they struck a deal calling for DirecTV to acquire EchoStar’s video business—comprised of satellite-TV platform Dish TV and streaming pay TV service Sling TV—for $1 (not a typo) plus Dish’s net debt, valued at about $9.75 billion.

RSS Feed Source link

By elboriyorker

HOSTING BY PHILLYFINESTSERVERSTAT | ANGELHOUSE © 2009 - 2024 | ALL YOUTUBE VIDEOS IS A REGISTERED TRADEMARK OF GOOGLE INC. THE YOUTUBE CHANNELS AND BLOG FEEDS IS MANAGED BY THERE RIGHTFUL OWNERS. POST QUESTION OR INQUIRIES SEND ME AN EMAIL TO elboriyorkeratgmailcom (www.phillyfinest369.com)