DirecTV says Dish purchase is off

Core Points - DirecTV is terminating its acquisition of Dish assets due to bondholders rejecting the proposed debt offer [2][3][4] - The acquisition was contingent on a successful exchange of Dish's debt, which did not occur [2][3] - DirecTV was set to assume approximately $10 billion in Dish debt and pay $1 for Dish DBS, which includes Dish and Sling TV [3] Financial Implications - The rejection of the revised offer by bondholders, who represent a significant portion of Dish's creditor base, puts Dish in a precarious financial situation [4] - EchoStar, Dish's parent company, reported disappointing earnings, leading to a nearly 13% drop in its shares [4]