DirecTV scrapping DISH merger [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
"A successful exchange was a condition for acquiring the DISH video business," a DirecTV spokesperson said in a statement to FOX Business on Wednesday. "Given the outcome of the EchoStar exchange, DIRECTV will have no choice but to terminate the acquisition of DISH by midnight on November 22." DirecTV announced in September it would pay $1 for DISH DBS, which means it would own DISH TV and Sling TV, and agreed to assume $9.75 billion of Dish's debt in the deal. However, a group of DISH bondholders on Monday rejected the proposed debt-exchange offer from DirecTV that was contingent upon them accepting a "haircut" of $1.5 billion. Federal Judge Blocks Luxury Brand Merger Between Tapestry And Capri DISH did not immediately respond to FOX Business' request for comment on the situation. Read On The Fox Business App The proposed merger was seen as a strategic consolidation in a shrinking pay-TV market as both DirecTV and DISH face intensifying competition from streaming service
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SATS
Earnings
- 11/12/24 - Miss
SATS
Sec Filings
- 11/14/24 - Form S-3ASR
- 11/13/24 - Form SCHEDULE
- 11/13/24 - Form SC
- SATS's page on the SEC website