DirecTV Abandons Dish Acquisition After Bondholders Reject Proposal

DirecTV has terminated its deal with EchoStar to acquire Dish DBS following bondholders’ opposition to the debt-exchange proposal. The merger would have created the largest U.S. pay-TV provider, with DirecTV assuming EchoStar’s debt. “While we believed a combination of DirecTV and DISH would have benefitted all stakeholders, we have terminated the transaction because the proposed […]