DirecTV and Dish’s on-and-off merger saga switches again to off

DirecTV has dropped its plans to accumulate Dish, the corporate introduced Thursday. The deal would’ve created a TV service megamerger, however it fell via after Dish bondholders rejected the takeover.

“Whereas we believed a mix of DIRECTV and DISH would have benefitted all stakeholders, we’ve terminated the transaction as a result of the proposed Alternate Phrases had been vital to guard DIRECTV’s stability sheet and our operational flexibility,” DirecTV CEO Invoice Morrow stated within the press launch.