DirecTV to Acquire Dish, Creating Largest US Pay-TV Provider

The merger, valued at $1 with DirecTV assuming $9.75 billion in debt, faces opposition from Dish creditors and requires regulatory approval.

DirecTV announced it will acquire Dish TV and Sling TV from EchoStar, creating the largest pay-TV provider in the US with over 18 million subscribers.
The deal involves DirecTV paying $1 and taking on $9.75 billion of Dish's debt, pending approval from Dish debt holders and government regulators.
Dish creditors are objecting to the merger, citing a $1.6 billion loss and planning to block the debt exchange required to complete the deal.
Credit-rating firm S&P Global has downgraded Dish's credit rating, describing the debt-exchange offer as 'tantamount to a default.'
TPG, which already owns 30% of DirecTV, will acquire the remaining 70% from AT&T for $7.6 billion, marking AT&T's exit from the television industry.