DirecTV Abandons Dish Acquisition After Bondholders Reject Proposal [Yahoo! Finance]
EchoStar Corporation - Common stock (SATS)
Last echostar corporation - common stock earnings: 2/20 06:00 am
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Source: Yahoo! Finance
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 Exchange Terms were necessary to protect DirecTV's balance sheet and our operational flexibility,” said DirecTV CEO Bill Morrow in a statement. “DirecTV will advance our mission to aggregate, curate, and distribute content tailored to customers' interests by pursuing innovative products and providing customers with additional choice, flexibility, and control. We are well positioned for the future with a strong balance sheet and support from our long-term partner TPG.” More from Deadline EchoStar Stock Plunges After Dish Network Debt Holders Spurn Bond Deal Seen As Key To DirecTV Merger DirecTV And Dish To Merge, Creating U.S. Pay-TV Giant, As AT&T Completes Exit From Entertainment Dish Network Parent EchoStar's Stock Climbs On
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SATS
Earnings
- 11/12/24 - Miss
SATS
Sec Filings
- 11/14/24 - Form 4
- 11/14/24 - Form SC
- 11/14/24 - Form S-3ASR
- SATS's page on the SEC website