EchoStar sells Dish and Sling TV to DirecTV, assuming $9.8B debt, as AT&T sells majority DirecTV stake to TPG for $7.6B.

EchoStar's stock fell 18.5% following its announcement to sell Dish and Sling TV to DirecTV, which will assume $9.8 billion of EchoStar's debt. EchoStar will receive $2.5 billion from private investors and incur $5.1 billion in new debt to finance its transition to a cellphone provider. Meanwhile, AT&T has sold its majority stake in DirecTV to TPG for $7.6 billion, allowing it to refocus on telecommunications and 5G services.

September 30, 2024
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