DirecTV calls off acquisition of rival Dish, possibly ending a yearslong pursuit [Yahoo! Finance Canada]
EchoStar Corporation - Common stock (SATS)
Last echostar corporation - common stock earnings: 2/20 06:00 am
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Source: Yahoo! Finance Canada
The deal was reliant on Dish bond holders agreeing to trade in the debt they held for debt in the new company, a swap that would have cost them about $1.6 billion, collectively. The retreat by DirecTV this week may end a years-long effort by the company to acquire both Dish and Sling after it announced the bid in September DirecTV was looking to acquire Dish TV and Sling TV from its owner EchoStar in a debt exchange transaction that included a payment of $1, plus the assumption of approximately $9.8 billion in debt. The deal was contingent on several factors, including regulatory approvals and bondholders writing off debt related to Dish. “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 flexibility,” DirecTV CEO Bill Morrow said in a statement. The prospect of a DirecTV-Dish combo has long been
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News
- How major US stock indexes fared Friday, 11/22/2024 [Yahoo! Finance]Yahoo! Finance
- How major US stock indexes fared Friday, 11/22/2024 [Yahoo! Finance Canada]Yahoo! Finance Canada
- DirecTV Scraps Merger With Rival Dish [Yahoo! Finance]Yahoo! Finance
- DirecTV Calls Off Plans to Acquire Dish Network [The New York Times]The New York Times
- DirecTV terminates Dish deal over failed debt swap [USA TODAY]USA TODAY
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