DirecTV and Dish Network, two of the leading satellite television providers in the United States, are poised to merge in a significant move that will reshape the pay-TV landscape.

Under the terms of the deal, DirectTV will pay a nominal consideration of $1 and assume billions of dollars in debt held by Dish owner EchoStar. The deal also would transfer majority ownership of DirectTV from AT&T to the private equity firm TPG Capital, which took a 30 percent stake in 2021.

The deal would provide a loan to Dish parent EchoStar Communications and also prompt the departure of AT&T from its ownership of DirecTV.

Not long ago, satellite TV was the future. Now, one of its biggest players is being sold for $1, as streaming continues to erode traditional cable, over-th

DirecTV said Monday that it will acquire Dish TV and Sling TV from its owner EchoStar in a debt exchange transaction that includes a payment of $1, plus the assumption of debt.

The deal, which is subject to regulatory approval, would create one of the largest pay-TV distributors in the U.S. The companies were blocked in an attempt to merge in 2002.

DirecTV is buying Dish and Sling for $1 and the assumption of nearly $10 billion in debt, marking one of the biggest pay-TV mergers ever.

DirecTV said on Monday that it had agreed to acquire Dish Network in a deal that would create one of the largest pay-TV providers in the US.

The deal, announced on Monday, will see DirecTV take over Dish and Sling from current owner EchoStar. The move, which has been in the works for years, aims to address the growing challenge posed by streaming services like Netflix and Hulu,

DirecTV said it will pay EchoStar $1 for Dish but will assume $9.75 billion of its debt. At the same time, private equity firm TPG will acquire AT&T's 70% stake in DirecTV. (In 20