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DirecTV has abandoned its acquisition of Dish Network assets after bondholders rejected a proposed debt offer, which was a condition for the deal. The termination, effective by midnight on Nov. 22, leaves Dish in a precarious financial situation amid a declining pay TV market. Dish's parent company, EchoStar, recently reported disappointing earnings, causing a significant drop in its stock price.
TPG CEO
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directv cancels dish acquisition after bondholders reject debt offer
United States Dollar
EchoStar Corporation
TPG Inc.
Dish Network Corp.
DirectView Holdings Inc.
USA
Charlie Ergen
TPG CEO
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04:09 13.11.2024
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