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What will be DirecTV's next major move by the end of 2024?
2
Resolution / Starting Odds
Attempt another merger with Dish • 25%
Seek merger with another company • 25%
Focus on internal growth strategies • 25%
Sell off assets • 25%
Official announcements from DirecTV
Story
DirecTV Cancels $9.75B Dish Merger After Bondholders Reject $1.6B Debt Swap
Nov 22, 2024, 08:54 AM
DirecTV has terminated its planned acquisition of rival satellite TV provider Dish Network after Dish's bondholders rejected a proposed $1.6 billion debt exchange offer required to close the deal. The merger, which valued Dish at $1 plus the assumption of $9.75 billion in debt, would have created the largest U.S. pay-TV provider with approximately 18 million subscribers. Bondholders' opposition to the $1.6 billion debt swap led DirecTV to end the agreement, citing the need to protect its own interests. This marks the second time a merger between DirecTV and Dish, led by chairman Charlie Ergen, has failed, with a previous attempt being blocked by the FCC over two decades ago.
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Similar markets
Successful new acquisition • 25%
Increased market share without acquisition • 25%
Decline in market position • 25%
No significant change • 25%
Merger with another company • 25%
Major restructuring • 25%
Focus on internal growth • 25%
No major changes • 25%
Dish Network • 25%
EchoStar • 25%
Another satellite-TV company • 25%
No acquisition attempt • 25%
Dish Network • 25%
EchoStar • 25%
Comcast • 25%
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