DirecTV/Dish merger has a problem as debt holders object to $1.6 billion loss
DirecTV agreed to buy the Dish satellite TV and Sling TV business for a nominal fee of $1, in exchange for taking on $9.75 billion of Dish debt. But DirecTV's deal announcement on Monday said the merger needs approval from Dish debt holders, who would see their investments devalued.
After selling its Dish TV business, EchoStar wants to focus more on cellular service through its Boost Mobile brand, ...
EchoStar's sale of its video distribution business to DIRECTV for $1 leaves it with fewer cash-generating assets. Read why ...
Bill Morrow, DirecTV CEO, joins 'Squawk on the Street' to discuss why DirecTV completed its recent deal with EchoStar, why ...
Investors are unimpressed. EchoStar stock fell 18.5% through 10:15 a.m. ET on the news.
Long-time rival DirecTV on Monday said it will pay $1 and assume $9.7 billion in EchoStar debt to acquire Dish Network and ...
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EchoStar's deal to sell Dish to DirecTV, which will assume $9.75 billion in debt, is akin to Dish defaulting on its debt ...
EchoStar plans to aggressively expand its satellite and terrestrial mobile broadband services after shedding debt and its video distribution business.
On Wednesday, EchoStar Corp (SATS) stock saw a modest uptick, ending the day at $24.36 which represents a slight increase of $0.27 or 1.12% from the prior close of $24.09. The stock opened at $24 and ...
DirecTV today announced an agreement to buy the Dish satellite TV and Sling TV streaming business from EchoStar for a nominal ...
EchoStar CEO Hamid Akhavan appeared on CNBC's "Squawk on the Street" on Monday after the company sold its video distribution ...
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