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International Business Times
International Business Times
Business
Ann Resuma

DirecTV Terminates Dish Deal After Bondholders Reject Debt Swap Proposal

DirecTV terminated its deal to acquire EchoStar's video distribution business DISH DBS after disagreement over debt exchange terms.

The satellite TV provider revealed that it has already notified EchoStar of its decision to end the Equity Purchase Agreement (EPA) after failure to agree to the proposed exchange debt offer terms by EchoStar.

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