DirecTV today announced an agreement to buy the Dish satellite TV and Sling TV streaming business from EchoStar for a nominal fee of $1 in what the companies called a debt exchange transaction.
The deal was originally agreed upon on September 30th where EchoStar, DISH DBS’s parent company, would sell DISH and Sling TV to DIRECTV for $1, along with the transfer of nearly $10 billion in debt.
DirecTV is pulling out of an agreement to buy its satellite rival Dish after bondholders objected to terms of the deal. DirecTV issued an announcement last night saying “it has notified EchoStar of ...
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