Reported about 17 hours ago
DirecTV has called off its proposed merger with Dish Network, a decision communicated to Dish's parent company, EchoStar. This move follows pushback from bondholders representing significant debt related to Dish. The merger aimed to consolidate the two satellite companies, but faltered due to failure in securing necessary creditor concessions. EchoStar will continue to operate its services independently after this setback.
Source: YAHOO