DirecTV agrees to buy satellite rival Dish
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.
Not long ago we would have had serious concerns about the news DirecTV is buying Dish Network. They’re the two dominant players in the market in terms of satellite television.
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