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DirecTV Abandons Dish Acquisition After Bondholders Reject Proposal

Deadline
Story by Glenn Garner
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scrn logline
DirecTV abandons massive Dish acquisition after bondholders reject the debt-heavy deal, scrapping plans to create the top US pay-TV provider.
beat sheet
  • Bondholders opposed DirecTV's proposal to assume EchoStar's substantial debt, torpedoing the merger that would have combined the two satellite TV giants.
  • The failed deal leaves DirecTV and Dish in a weakened position, facing growing competition from streaming services as the traditional pay-TV model continues to erode.
call sheet
DirecTV, EchoStar, Dish
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