DIRECTV cancels deal to buy DISH after creditors reject debt swap terms
Business
Nov. 22 (UPI) -- DIRECTV terminated its effort to buy the DISH satellite TV provider effective Friday. DIRECTV said the deal, set to take effect at 11:59 p.m. EST, was derailed by DISH DBS note holder's failure to agree to the deal's exchange debt offer terms. Advertisement The debt swap attempt was rejected by DISH creditors, prompting DIRECTV to end the proposed deal. "While we believed a combination of DIRECTV and DISH would have benefitted all stakeholders, we have terminated the
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