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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 6:34 PM

Nov 21 (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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