DirecTV may pull the plug on purchase of Dish Network
DirecTV’s purchase of EchoStar’s subscription television business could collapse unless bondholders agree to accept a discount within the next week. But even if they don’t, EchoStar reassured investors it has raised enough capital to meet upcoming debt payments, allowing it to avoid a bankruptcy filing.
DirecTV to drop Dish acquisition plan if EchoStar debt-exchange offer fails
(Reuters) - Satellite TV provider DirecTV said on Tuesday it will abandon its planned acquisition of EchoStar's satellite television business that includes Dish TV by Nov. 22 if bondholders don't agree to a debt exchange. A group of Dish bondholders on ...
DirecTV says it will walk away from Dish deal after bondholders’ rejection
DirecTV said it will abandon a plan to buy its satellite television rival after some bondholders refused to accept a steep discount on Dish parent EchoStar’s debt.
EchoStar Stock Plunges After Dish Network Debt Holders Spurn Bond Deal Seen As Key To DirecTV Merger
EchoStar stock plunged 13% Tuesday on the news that bondholders of subsidiary Dish Network rejected a proposed debt deal seen as key to sealing a merger with satellite rival DirecTV. Shares fell to $22.
DirecTV says Dish purchase is off
DirecTV’s proposed acquisition of Dish assets is most likely dead after a group of bondholders rejected a revised offer.
DirecTV Threatens to Walk Away From Dish Acquisition Over Debt Exchange Dispute
The deal between the rival satellite TV giants for $1 and $9.75 billion in debt is contingent upon Dish's bondholders agreeing to a debt exchange
DirecTV threatens to call off Dish Network deal
TheStreet’s Conway Gittens brings you the biggest news of the day, including what investors are watching and why a huge TV merger is in trouble.
DirecTV says meger agreement with Dish Network could fall apart
DirecTV says it will walk away from its merger agreement with Dish Network on November 22 if the company remains unable to reach a specific agreement with some of its creditors. This article, DirecTV says meger agreement with Dish Network could fall apart,
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EchoStar Corp (SATS) Stock: A Deeper Look at Its True Potential
On Friday, EchoStar Corp (SATS) stock saw a modest uptick, ending the day at $22.79 which represents a slight increase of $0.80 or 3.64% from the prior close of $21.99. The stock opened at $23.27 and ...
EchoStar Posts Loss of Dish, Gain of Sling TV Subs in Third Quarter, Raises $5.2B in Fresh Capital
The telecom giant, led by CEO Hamid Akhavan and executive chairman Charlie Ergen, has agreed to be acquired by DirecTV to ...
EchoStar (NASDAQ:SATS) Shares Gap Down on Analyst Downgrade
EchoStar Co. (NASDAQ:SATS – Get Free Report)’s stock price gapped down before the market opened on Thursday after TD Cowen lowered their price target on the stock from $37.00 to $30.00. The stock had ...
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DirecTV Drops EchoStar Merger Bid
A DirecTV spokesperson told the Post: “A successful [debt] exchange was a condition for acquiring the Dish video business.
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Is EchoStar set to ditch Broadcom’s VMware?
EchoStar’s Boost Mobile division is set to ditch a platform vendor in a move that could put its open-network architecture to ...
Analyst Estimates: Here's What Brokers Think Of EchoStar Corporation (NASDAQ:SATS) After Its Third-Quarter Report
It's been a sad week for EchoStar Corporation ( NASDAQ:SATS ), who've watched their investment drop 16% to US$21.99 ...
EchoStar files to sell 11.5M shares of common stock for holders
EST EchoStar (SATS) files to sell 11.5M shares of common stock for holders Published first on TheFly – the ultimate source for ...
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EchoStar secures $5.2bn in capital to invest in 5G Open RAN rollout, but faces challenge over DirecTV sale
EchoStar Corporation announced this week that it has secured $5.2 billion in capital to invest in its nationwide Open RAN 5G network. The company, which has had its financial struggles and openly ...