DirecTV and Dish Announce Merger to Survive in a Dominated Broadcasting Industry
After decades of flirting with a merger, the nation's two largest satellite TV providers, DirecTV and Dish, have finally reached a deal to join forces. The acquisition, announced on Monday, will see DirecTV take over Dish and Sling TV from EchoStar for a symbolic $1, while assuming the companies' $9.75 billion in debts. the Merger is seen as a crucial move for the satellite companies to survive in a broadcasting industry dominated by tech firms and network-owned streaming services.