+- CSNbbs (https://csnbbs.com)
+-- Forum: Active Boards (/forum-769.html)
+--- Forum: Lounge (/forum-564.html)
+---- Forum: The Spin Room (/forum-540.html)
+---- Thread: Direct TV cancels deal to buy rival Dish (/thread-1002086.html)
Direct TV cancels deal to buy rival Dish - Todor - 11-25-2024 12:30 AM
Dish Network shareholders would not accept the size of loss they were being asked to take, and Direct was unwilling to make a better offer.
The deal was to include Sling TV and Dish Network, but not Boost Mobile, other wireless carriers Dish owns, or some non television satellites systems that are part of EchoStar.
AT&T is still selling off its remaining shares of Direct TV however. TPG is the company name of the Direct owner.
I thought this looked like a done deal, since Dish and Direct had rumors about one buying the other for several years. Regulators were thought to be the main hurdle, not the ability to agree on a price.
https://arstechnica.com/tech-policy/2024/11/directv-plan-to-buy-dish-for-1-is-off-as-satellite-rivals-remain-separate/