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I think they went bankrupt, so hope that's some consolation. I heard that an attempt to buy them by DTV got rejected on antitrust. But in the article it said th
by gosub100 2y ago
I think they went bankrupt, so hope that's some consolation. I heard that an attempt to buy them by DTV got rejected on antitrust. But in the article it said they went bust
- FateOfNations 2y agoSurprisingly, neither Dish nor DirectTV has gone bankrupt. Satellites are pretty capital-intensive. They both faced challenges over the years but have managed to skate by. AT&T kept DirectTV afloat for quite a while. The proposed DirectTV + Dish merger fell apart for multiple reasons. While the government didn't explicitly reject it, there was a lot of uncertainty about whether they would bless it. The deal also required Dish's bondholders to voluntarily write off a chunk of their debt, which they ultimately got cold feet about.