A blockbuster deal that would have combined DirecTV and Dish Network is off.
On Nov. 21, DirecTV announced plans to terminate its equity-purchase agreement with EchoStar Corp. on the following day. The deal would have allowed DirectTV to purchase EchoStar’s video-distribution business, DISH DBS, which includes satellite television provider Dish Network and the video streaming service Sling TV.
In a release, DirecTV said the deal fell through because the owners of DISH DBS’s debt did not agree on EchoStar’s exchange debt offer terms. That aspect of the transaction had to be finalized for DirecTV to close its acquisition of Dish Network….