DirecTV calling off Dish Network takeover after bondholders balk [Los Angeles Times (CA)]
EchoStar Corporation - Common stock (SATS)
Last echostar corporation - common stock earnings: 2/20 06:00 am
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Source: Los Angeles Times
bondholders for a key debt exchange, all but killing a deal to create the largest U.S. pay-TV service. DirecTV, which warned this month it would terminate the deal by midnight Friday without an agreement on the debt, said it had given EchoStar formal notice. Dish hadn't initiated fresh discussions with bondholders to try to salvage the deal as of late Thursday evening, a person familiar with the matter said. Under the terms of the original transaction, DirecTV was to acquire Dish and Sling TV from EchoStar Corp. for $1 plus the assumption of about $9.75 billion of debt. DirecTV, which is owned by AT&T Inc. and joint venture partner TPG Inc., would have become the largest pay-TV provider in the United States with about 18 million subscribers. “While we believed a combination of DirecTV and Dish would have benefited all stakeholders, we have terminated the transaction because the proposed Exchange Terms were necessary to protect DirecTV's balance sheet and our operational flexibil
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- DirecTV calls off acquisition of rival Dish, possibly ending a yearslong pursuit [Yahoo! Finance]Yahoo! Finance
- DirecTV calls off acquisition of rival Dish, possibly ending a yearslong pursuit [Yahoo! Finance Canada]Yahoo! Finance Canada
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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