DirecTV on Thursday formally announced that it was nixing the agreement with EchoStar to buy Dish Network. The deal is being ...

Satellite TV deal:DirecTV to acquire Dish Network, Sling for $1 in huge pay-TV merger "... we have terminated the transaction because the proposed exchange terms were necessary to protect DirecTV ...

DirecTV is canceling its deal to buy Douglas County-based satellite TV rival Dish Network after Dish bondholders refused to take part in a debt exchange that was key to the acquisition.

DirecTV on Thursday formally announced that it was nixing the agreement with EchoStar to buy Dish Network. The deal is being terminated effective as of 11:59 p.m. ET on Nov. 22, DirecTV said.

The deal did not include the Dish Network cellular business. Dish bondholders quickly objected to terms requiring them to take a loss on the value of their debt. DirecTV had said Dish notes would ...

Dish Network, after Dish’s lenders refused to agree to the terms of the deal, DirecTV said Thursday night. The companies had said in September that they had reached a deal, but that it required ...

Conclusion: Dish Network has managed to turn what should be a straightforward satellite TV service into a series of tech support nightmares. The service's reliability is questionable at best ...

For the deal to go through, Dish bondholders had to agree to exchange their debt for new debt in the merged entity at a discounted rate, taking a "haircut" of about $1.57 billion on the debt.

By Georg Szalai, Alex Weprin Satellite TV giant DirecTV said it was abandoning a deal with Charlie Ergen’s EchoStar to acquire video distribution business Dish DBS, including Dish TV and Sling ...