DirecTV agrees to buy Dish for $1

DirecTV announced it is acquiring Dish Network, ending decades of merger talks. Both companies have struggled to compete with streaming services like Netflix and Hulu, as cord-cutting trends continue.

Under the deal, DirecTV will assume Dish’s debt and pay its owner, EchoStar, just $1.

Private equity firm TPG will also buy AT&T’s remaining 70% stake in DirecTV.

The combined entity will have about 20 million subscribers, significantly lower than DirecTV’s 2015 peak, CNN has reported.

read more: https://www.cnn.com/2024/09/30/media/directv-dish-network-merger/index.html

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