[82lsju]

DirecTV agreed to buy the Dish satellite TV and Sling TV business for a nominal fee of $1 in exchange for taking on $9.75 billion of Dish debt. But DirecTV's deal announcement on Monday said the merger needs approval from Dish debt holders, who would see their investments devalued.

Dish notes would be exchanged with "a reduced principal amount of DirecTV debt which will have terms and collateral that mirror DirecTV's existing secured debt," DirecTV said. DirecTV's announcement goes on to say that the principal amount will be reduced by at least $1.568 billion and that the deal can be scrapped if debt holders object:

https://arstechnica.com/tech-policy/2024...king-deal/

[82lsju]

DirecTV agreed to buy the Dish satellite TV and Sling TV business for a nominal fee of $1 in exchange for taking on $9.75 billion of Dish debt. But DirecTV's deal announcement on Monday said the merger needs approval from Dish debt holders, who would see their investments devalued.

Dish notes would be exchanged with "a reduced principal amount of DirecTV debt which will have terms and collateral that mirror DirecTV's existing secured debt," DirecTV said. DirecTV's announcement goes on to say that the principal amount will be reduced by at least $1.568 billion and that the deal can be scrapped if debt holders object:

https://arstechnica.com/tech-policy/2024...king-deal/

[newguy]

as a Dish customer, i see the handwriting on the wall.  streaming is the future.

[newguy]

as a Dish customer, i see the handwriting on the wall.  streaming is the future.