DirecTV to terminate Dish deal over debt swap exchange, Axios reports-February 2024-www.financetom.com

DirecTV to terminate Dish deal over debt swap exchange, Axios reports

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DirecTV to terminate Dish deal over debt swap exchange, Axios reports

Nov 21, 2024 6:29 PM

(Reuters) - DirecTV will terminate its planned acquisition of Dish TV after bondholders rejected a debt swap that the deal relied on, Axios reported on Thursday, citing a person familiar with the matter.

Satellite TV provider DirecTV said earlier this month it will abandon its planned the acquisition of EchoStar's ( SATS ) satellite television business, which includes Dish TV, by Nov. 22 if bondholders don't agree to a debt exchange.

(Reporting by Gnaneshwar Rajan in Bengaluru)

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