DirecTV says Dish purchase is off [MSNBC.com]
EchoStar Corporation - Common stock (SATS)
Last echostar corporation - common stock earnings: 2/20 06:00 am
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Source: MSNBC.com
Key PointsIn this articleA Dish Network satellite dish (L) is mounted next to a DirecTV dish on the roof of an apartment building on April 15, 2013 in San Rafael, California.Justin Sullivan | Getty Images News | Getty Images"A successful exchange was a condition for acquiring the Dish video business," the spokesperson said in an email on Tuesday. "Given the outcome of the EchoStar exchange, DirecTV will have no choice but to terminate the acquisition of Dish by midnight on Nov. 22."DirecTV does not plan to offer further concessions, according to people familiar with the matter who requested anonymity to discuss confidential information. Further progress could be made if Dish Chairman and co-founder Charlie Ergen were to come to the negotiating table, though that currently seems unlikely, said one of the people.DirecTV, which will soon be wholly owned by private equity firmTPGBloomberg was first to report on DirecTV's plans.Those bondholders, who constitute a sizable portion of Dish's
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SATS
News
- DirecTV to Call Off Dish Takeover After Bondholders Balk [Yahoo! Finance Canada]Yahoo! Finance Canada
- DIRECTV Announces Termination of Agreement to Acquire EchoStar's Video Distribution Business [Yahoo! Finance]Yahoo! Finance
- DirecTV to terminate Dish deal over debt swap exchange, Axios reports [Yahoo! Finance Canada]Yahoo! Finance Canada
- DirecTV to terminate Dish deal over debt swap exchange, Axios reports [Yahoo! Finance]Yahoo! Finance
- C-COM Develops Mobility Mount Accessories for Hughes [Yahoo! Finance]Yahoo! Finance
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