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DirecTV Ditches Dish Deal
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variety.comTodd Spangler NY Digital Editor The U.S.’s two satellite TV providers aren’t getting hitched anymore, at least anytime soon.
DirecTV on Thursday announced that it was nixing the agreement with EchoStar to buy Dish Network. The deal is being terminated effective as of 11:59 p.m.
ET on Nov. 22, DirecTV said. DirecTV’s official termination of the agreement follows Dish DBS bondholders’ failure to agree to the proposed exchange debt offer terms issued by EchoStar, which was a condition of DirecTV’s obligations to acquire Dish.
On Sept. 30, DirecTV and EchoStar announced the deal under which DirecTV was to buy onetime rival Dish and its Sling TV business.
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