DirecTV calls off acquisition of rival Dish, possibly ending a yearslong pursuit

DirecTV is calling off its planned acquisition of rival Dish after the offer was rejected by bond holders at that company.

The deal was reliant on Dish bond holders agreeing to trade in the debt they held for debt in the new company, a swap that would have cost them about $1.6 billion, collectively.

The retreat by DirecTV this week may end a years-long effort by the company to acquire both Dish and Sling after it announced the bid in September.

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