From CNBC: 2024-09-27 17:00:31

EchoStar is in advanced talks to sell Dish Network to rival DirecTV, owned by TPG and AT&T, in a deal structured as all cash worth over $9 billion. Dish’s $1.98 billion debt due in November is driving the deal, as EchoStar faces potential bankruptcy. Satellite TV has been declining amid streaming service competition.

The potential acquisition of Dish Network by DirecTV could alleviate EchoStar’s financial struggles by helping pay off debt and avoiding bankruptcy. The $9 billion all-cash structured deal may solve financial woes while offering a lifeline in an evolving TV landscape dominated by streamers like Netflix and Disney+. Satellite TV continues to lose subscribers to streaming services.



Read more at CNBC: EchoStar nears deal to sell Dish to DirecTV with debt payment looming