If successful, the merger would create a combined satellite streaming business with around 20 million US subscribers. | Illustration by Alex Castro / The Verge
DirecTV has reached an agreement to acquire Dish, alongside its parent company EchoStar’s wider satellite TV business, for a single dollar — and assume $9.75 billion of Dish’s debt. Private equity firm TPG has arranged a two-step agreement to buy the remaining 70 percent of DirecTV that it didn’t already own from AT&T for a reported $7.6 billion and merge all of th...
