DirecTV to end Dish bargain over financial debt swap exchange, Axios records

(Reuters) – DirecTV will certainly end its organized purchase of Dish television after shareholders denied a financial debt swap that the bargain relied upon, Axios reported on Thursday, mentioning an individual acquainted with the issue.

Satellite television company DirecTV stated previously this month it will certainly desert its intended the purchase of EchoStar’s satellite tv organization, that includes Dish TELEVISION, byNov 22 if shareholders do not accept a financial debt exchange.

(Reporting by Gnaneshwar Rajan in Bengaluru)