DirecTV Plans to Call Off Dish Deal Unless Debt Swap Resolved

By Michelle F Davis

DirecTV Plans to Call Off Dish Deal Unless Debt Swap Resolved

DirecTV intends to terminate its planned acquisition of Dish Network Corp. in 10 days if bondholders don't agree to a debt exchange.

"A successful exchange was a condition for acquiring the Dish video business," a DirecTV spokesperson said in an emailed statement. "Given the outcome of the EchoStar exchange, DirecTV will have no choice but to terminate the acquisition of Dish by midnight on Nov. 22."

Previous articleNext article

POPULAR CATEGORY

corporate

12813

tech

11464

entertainment

15995

research

7394

misc

16829

wellness

12912

athletics

16929