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DirecTV Terminates Dish Acquisition Over Debt Exchange Dispute
The WrapStory by Ross A. Lincoln
scrn logline
DirecTV scraps plans to acquire Dish Network amid debt exchange dispute, leaving the future of the two satellite giants uncertain.
beat sheet
- The deal, which was first announced in 2022, has been officially terminated by DirecTV after the two companies failed to reach an agreement over a debt exchange.
- Industry experts speculate that the failed merger could pave the way for a potential acquisition of one or both companies by a larger telecom player, as the satellite TV market continues to face challenges from streaming services.
call sheet
DirecTV, Dish Network