Yahoo! Tech
npub1hrm…j2rr
2024-11-22 18:00:59
Author Public Key
npub1hrmeelmxktje8vy2t6axvt5ae0emvfk4v5hxrvaceky4pfmn8guqkqj2rrSeen on
wss://relay.primal.netPublished at
2024-11-22 18:00:59Event JSON
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"EchoStar Shares Fall With Dish-DirecTV Merger Prospects Dim"
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"DirecTV notified EchoStar Corp. of its intention to terminate the acquisition after bondholders failed to agree on the debt exchange. The deal would have created the largest US pay-TV service, but DirecTV's CEO stated that the proposed exchange terms were necessary to protect the company's balance sheet and operational flexibility. The collapse of the deal is a setback for EchoStar's effort to focus on its mobile network and satellite connectivity businesses."
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