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DirecTV To Buy Rival Dish Network
DirecTV has agreed to acquire struggling rival Dish Network, creating a satellite TV behemoth with nearly 20 million subscribers. The complex transaction, announced Monday, involves private equity firm TPG acquiring a majority stake in DirecTV from AT&T for $7.6 billion. DirecTV will then purcha...
DirecTV has agreed to acquire struggling rival Dish Network, creating a satellite TV behemoth with nearly 20 million subscribers. The complex transaction, announced Monday, involves private equity firm TPG acquiring a majority stake in DirecTV from AT&T for $7.6 billion. The deal provides a lifeline for Dish, which faces $2 billion in debt due November with only $500 million in available cash.
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