Bullet points of DirecTV clinches long-elusive deal to combine with Dish
- DirecTV agreed to buy EchoStar's satellite television business, including Dish TV, creating one of the largest pay TV distributors in the US with 20 million subscribers.
- The deal aims to counter the decline of satellite TV services due to the rise of streaming services like Netflix and Amazon's Prime Video.
- The combined company will offer improved programming packages and a better viewer experience, allowing subscribers to manage their subscriptions from one place.
- DirecTV will pay $1 to acquire Dish DBS, which includes Dish and Sling TV, and assume $9.75 billion of Dish's debt.
- The deal will provide a crucial lifeline to EchoStar, which has over $20 billion in debt, and help cut its debt by $11.7 billion.
- The merger is expected to generate cost synergies of at least $1 billion every year and create the country's fourth-largest wireless competitor.
- The deal is subject to regulatory approvals and is expected to close in the fourth quarter of 2025.
finance.yahoo.com / Yahoo! Finance by Layer3.news
npub12r…aag2f
2024-09-30 22:15:36
in reply to nevent1q…h9vd
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npub12r47d08z9kyana2h8lp6ky7e2v9fpkvku7zaecrqyq8ylg83lynsqaag2fPublished at
2024-09-30 22:15:36Event JSON
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