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DirecTV to acquire rival Dish Network for $1, subject to regulatory approval

DirecTV to acquire rival Dish Network, subject to regulatory approval. Regulators shut down a similar merger in 2002.

The company’s in debt to the tune of billions of dollars because, well, satellite TV isn’t exactly a growth industry anymore. The Justice Department denied a similar merger back in 2002, but that was when the satellite TV industry was at its peak. More recently, the federal government side-eyed a potential merger between the two companies in 2020 on the grounds that it would deprive rural customers a viable alternative to Dish and DirecTV when looking to purchase 5G wireless service.

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