After more than 20 years of rumors, false starts, and failed attempts, the two biggest satellite TV providers in the United States have officially announced that they will merge, creating the largest pay TV provider in the country.
In recent weeks industry speculation about the possibility of a deal to combine DIRECTV and DISH TV has intensified, and on Monday, Sept. 30, it finally became official.
It was announced that DIRECTV has entered into a definitive agreement to purchase DISH and its live TV streaming service Sling TV from parent company EchoStar. Additionally, TPG Capital, which owns 30% of DIRECTV, has agreed to acquire the remaining 70% of the company that is currently owned by AT&T.
The hope is that with this increased size, DIRECTV will be in an advantageous enough position to negotiate more flexible deals to be able to offer customers lower-priced subscription options that better fit their television needs.
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DIRECTV + DISH = Finally Happening! 🎉
DIRECTV + DISH = Finally Happening! 🎉
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