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The Independent UK
The Independent UK
National
Michelle Chapman

DirecTV calls off acquisition of rival Dish, possibly ending a yearslong pursuit

DIRECTV Dish ATT TPG
Direct TV Dish - (AP2011)

DirecTV is calling off its planned acquisition of rival Dish after the offer was rejected by bond holders at that company.

The deal was reliant on Dish bond holders agreeing to trade in the debt they held for debt in the new company, a swap that would have cost them about $1.6 billion, collectively.

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