DirecTV announces termination of deal to buy Dish satellite business
DirecTV CEO Bill Morrow indicated his company wasn’t willing to change the deal to satisfy Dish bondholders. “We have terminated the transaction because the proposed Exchange Terms were necessary to protect DirecTV’s balance sheet and our operational flexibility,” Morrow said. AT&T still selling DirecTV stake AT&T owns 70 percent of DirecTV but plans to sell […]