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DirecTV Ditches Dish Deal
DirecTV on Thursday announced that it was nixing the agreement with EchoStar to buy Dish Network.
Effectively, EchoStar was giving away its shrinking satellite and streaming TV business in order to get rid of a huge chunk of debt to focus on building out a wireless services play. We are well positioned for the future with a strong balance sheet and support from our long-term partner TPG.” The El Segundo, Calif.-based company said it will “continue to invest in next-generation streaming platforms and revolutionize the industry through new packaging options while integrating content from live TV alongside direct-to-consumer services.”
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