Title: DirecTV acquires Dish and Sling TV in debt exchange for $1, aiming to compete with streaming services.

DirecTV has announced its acquisition of Dish and Sling TV from EchoStar in a debt exchange deal worth $1, along with assuming approximately $9.8 billion in debt. This move aims to enhance DirecTV's competitiveness against streaming services by offering smaller content packages at lower prices. The combined entity will be based in El Segundo, California, and the deal may help EchoStar avoid bankruptcy amid financial struggles. Since 2016, both DirecTV and Dish have lost 63% of their satellite customers.

October 04, 2024
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