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Market
What will be the outcome of Dish Network's financial restructuring by June 30, 2025?
3
Resolution / Starting Odds
Successful debt restructuring • 25%
Partial debt restructuring • 25%
No restructuring achieved • 25%
File for bankruptcy • 25%
Financial reports and official statements from Dish Network
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
Increase by more than 20% • 25%
Increase by 0% to 20% • 25%
Decrease by 0% to 20% • 25%
Decrease by more than 20% • 25%
Merger with another company • 25%
Major restructuring • 25%
Focus on internal growth • 25%
No major changes • 25%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Yes • 50%
No • 50%