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's deal to sell Dish to DirecTV, which will assume $9.75 billion in debt, is akin to Dish defaulting on its debt ...
The merger of EchoStar's video businesses and DirecTV will also coincide with TPG agreeing to buy out the 70 percent of ...
Creditors are banding together after Dish and DirecTV agreed on Monday to create the biggest US pay-TV provider under the ...
DirecTV said on Monday that it had agreed to acquire Dish Network in a deal that would create one of the largest pay-TV ...
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.
The broadcasting industry landscape has changed significantly since the two satellite providers first tried to merge in 2002 ...
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