DirecTV has dropped its plans to amass Dish, the company announced Thursday. The deal would’ve created a TV service megamerger, but it surely fell by way of after Dish bondholders rejected the takeover.
“Whereas we believed a mixture of DIRECTV and DISH would have benefitted all stakeholders, we’ve got terminated the transaction as a result of the proposed Change Phrases had been vital to guard DIRECTV’s steadiness sheet and our operational flexibility,” DirecTV CEO Invoice Morrow mentioned within the press launch.
Source link
