DirecTV and Dish’s on-and-off merger saga switches back to off DirecTV and Dish’s on-and-off merger saga switches back to off
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DirecTV has dropped its plans to acquire Dish, the company announced Thursday . The deal would’ve created a TV service megamerger, but it fell through after Dish bondholders rejected the takeover. In September, DirecTV reached an agreement to acquire Dish, Sling TV, and EchoStar’s TV business for just one dollar, while also taking on Dish’s $9.75 billion in debt. However, Dish bondholders — or the investors who lend money to a company (and expect to be paid back) — weren’t happy about the
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