Reported 10 months ago
DirecTV has halted its planned acquisition of rival Dish after its offer was rejected by Dish's bondholders. The deal, which would have included a debt exchange worth approximately $1.6 billion, faced several contingencies including regulatory approvals. DirecTV CEO Bill Morrow stated that the decision was necessary to protect the company's financial stability. This ended a long pursuit of Dish and Sling TV, as consumer preferences shift towards streaming services.
Source: YAHOO