Deals
DirecTV, Dish to Merge to Create Largest US Pay-TV Provider
- Satellite providers have flirted with merger for two decades
- DirecTV will assume about $9.75 billion of Dish debt
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DirecTV and Dish have agreed to combine in a deal that will create the biggest pay-TV provider in the US with about 18 million subscribers.
Under the terms of the transaction, DirecTV will acquire Dish TV and Sling TV from EchoStar Corp. for a nominal consideration of $1 plus the assumption of about $9.75 billion of debt, according to a statement on Monday that confirmed previous Bloomberg News reporting.