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DirecTV Is Buying Dish for $1, Joining a Rare Club of Properties Sold for One Buck
DirecTV is buying onetime rival Dish for $1. Here's a look at other properties that were famously sold for one dollar.
DirecTV will write a check for one whole U.S. dollar — 100 cents — to buy onetime rival Dish Network and its Sling TV business. Effectively, EchoStar is giving away its shrinking satellite and streaming TV business in order to get rid of a huge chunk of debt, so it can focus on building out a wireless services play. Cameron has expressed regret about that decision: “If I had a little time machine and I could only send back something the length of a tweet, it’d be — ‘don’t sell,'” he told the Toronto Sun in a 2009 interview.
Or read this on Variety
