DirecTV CEO Bill Morrow stated, 'We have terminated the transaction because the proposed Exchange Terms were necessary to protect DirecTV's balance sheet and our operational flexibility,' underlining the company's decision-making priorities.
According to DirecTV, 'The termination of the Dish acquisition does not affect TPG's acquisition of the remaining 70 percent stake in DirecTV from AT&T, which is expected to close in the second half of 2025,' clarifying that plans to sell the stake remain unaffected.
EchoStar, upon announcing the deal, expressed its intent to 'focus more clearly on enhancing and further deploying its nationwide 5G Open RAN wireless network,' emphasizing its shift in business strategy.
Historically, the merger attempt between DirecTV and Dish was halted over antitrust concerns, with the US Department of Justice stating that the merger 'would eliminate competition between the nation's two most significant direct broadcast satellite services,' highlighting regulatory challenges.
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