DirecTV has announced that they will be buying Dish Network for $1, with the U.S. multichannel video programming distributor agreeing to take care of Dish Network’s accumulated debts.
Categories: $1 purchase$10 billion loan$2 billion debt$9.75 billion70% stakeAbril ElfiAmazon Prime VideoAT&TbankruptcybondholdersBusinessCNNDebtDirecTVDirecTV spokespersonDish DBSDish NetworkEchoStarexchange offerHuluMergerNetflixNovember 23November 24OAN NewsroomPrivate EquitySling TVStreaming servicessubscribersTodays HeadlinesTPGvideo industry