DirecTV has dropped its plans to accumulate Dish, the corporate introduced Thursday. The deal would’ve created a TV service megamerger, nevertheless it fell by after Dish bondholders rejected the takeover.
“Whereas we believed a mix of DIRECTV and DISH would have benefitted all stakeholders, we have now terminated the transaction as a result of the proposed Alternate Phrases had been crucial to guard DIRECTV’s stability sheet and our operational flexibility,” DirecTV CEO Invoice Morrow stated within the press launch.
