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DirecTV To Buy Rival Dish Network
Monday September 30, 2024. 08:41 PM , from Slashdot
The deal provides a lifeline for Dish, which faces $2 billion in debt due November with only $500 million in available cash. EchoStar, Dish's parent company, will retain its wireless spectrum investments and operate independently. Subject to regulatory approval and creditor agreement, the merger is expected to close in late 2025. DirecTV and TPG will provide $2.5 billion to cover Dish's immediate financial needs. The deal's fate remains uncertain, as a similar 2002 merger attempt was blocked on antitrust grounds. Read more of this story at Slashdot.
https://news.slashdot.org/story/24/09/30/1836228/directv-to-buy-rival-dish-network?utm_source=rss1.0...
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