EchoStar: Financing Issues Squelch DirecTV/Dish Deal
DirecTV's planned purchase of EchoStar's Dish Network (see 2409300009) is off, EchoStar said in an SEC filing Friday. EchoStar said it received notice from DirecTV last week that it was ending the purchase agreement effective 11:59 p.m. Friday because the…
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deal's financial terms weren't being met. EchoStar said no termination fee or other payment is due from either party.