DirecTV Has Problems Buying Dish Network
by Brian Wang from NextBigFuture.com on (#6RAN0)
Bloomberg reports that Dish Network bond holders are blocking the DirecTV acquisition of Dish Network. DirecTV wants to buy Dish Network for $1 and the assumption of $9.75 billion in debt. Direct TV wants a partial write down of the debt. They want a $1.6 billion reduction. Dish needs consent from its bondholders to exchange ...