EchoStar to Divest Its DISH Business to DIRECTV, Stock Sinks 12%

EchoStar Corporation (SATS) recently inked a definitive agreement to sell its video distribution business, DISH DBS ("DISH"), including DISH TV and Sling TV, through a debt exchange transaction of roughly $9.75 billion of DBS notes to DIRECTV. The transaction will consolidate two of the most significant players in the Pay-TV industry, allowing the combined entity to invest more aggressively in its services. By combining DISH and DIRECTV's video services, the deal will enable the new entity to compete more e ...