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DirecTV Abandons Dish Acquisition After Bondholders Reject Proposal
DeadlineStory by Glenn GarnerImage from Deadline
scrn loglineDirecTV 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.
Read the sourcecall sheetDirecTV, EchoStar, DishNo more articles
DirecTV Abandons Dish Acquisition After Bondholders Reject Proposal
DeadlineStory by Glenn Garner
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