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DirecTV to Acquire Dish in Merger of Satellite TV Rivals
DirecTV announced a deal to acquire EchoStar's Dish Network and Sling TV for $1 plus assumption of nearly $10 billion in debt.
Analysts have said they expect a DirecTV-Dish combination to win approval by regulators, given the dramatic decline in the traditional pay-TV biz as consumers have cut the cord and flocked to streaming services. AT&T, which bought DirecTV in 2014, three years ago spun off the satellite TV operator, retaining a 70% stake and private-equity firm TPG Capital holding the remaining 30%. Two years ago, DirecTV suffered a blow when it lost its exclusive deal with the NFL for the Sunday Ticket premium games package, which it had offered since 1994.
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