Dish, DirecTV Deal Still Needs to Stick the Landing
The merger of the two satellite TV giants is all set to go, but some bondholders aren’t happy.
A DirecTV satellite dish receiver
Photographer: Kyle Grillot/BloombergThis article is for subscribers only.
Welcome to The Brink. It’s Michael Tobin and Reshmi Basu in New York, where we’ve been looking into the Dish and DirecTV merger. We also have the latest on Cineworld and Steward Health. Follow this link to subscribe. Send us feedback and tips at debtnews@bloomberg.net or DM on X to @Tobin_Tweets.
Dish’s parent company CEO Hamid Akhavan said the firm’s restructuring deal was akin to landing two or three “747s on the same runway at the same time without crashing.” The bad news is that there’s still a chance of a dramatic collision.