Dish /Direct Merger Hits A Roadblock

[prushing]

That makes sense. So if it isn't released to Charlie he is screwed for his November debt payment and he will regain his DISH sat and Sling TV again. So bankruptcy?

It's either they get a $2.5 billion Nov. payment or it's bankruptcy and they try to get a better payout. I doubt they can find another buyer or sell the parts for more.

Unless they want to just write off the debt, it wouldn't make sense to fight this. They still get paid and TPG is assuming the debt.

 

[Bruce]

And more news-

Creditors to US satellite television firm Dish Network told DirecTV’s attorneys that the current merger proposal that calls for them to take an almost $1.6 billion loss is “unworkable,” according to a letter seen by Bloomberg.

DirecTV rejected a counteroffer from the group of bondholders, which holds about $8.9 billion of Dish notes, that proposed to adjust a debt exchange that the merger will be contingent on. Going forward, DirecTV can negotiate further, close the acquisition as is and “pay a premium to do so,” or face continued litigation, the group said.

The group said the two companies have “crafted a deal that allows DBS’s shareholder to further siphon billions of dollars of value away from DBS, while asking DBS’s creditors to voluntarily forfeit over $1.56 billion in value they are owed,” according to the letter. “It should be no surprise to anyone that such a deal is unworkable.”

Dish Lenders Call DirecTV’s Current Merger Proposal ‘Unworkable’

(Bloomberg) -- Creditors to US satellite television firm Dish Network told DirecTV’s attorneys that the current merger proposal that calls for them to take an almost $1.6 billion loss is “unworkable,” according to a letter seen by Bloomberg. Most Read from BloombergRobotaxis Are No Friend of...

finance.yahoo.com

 

[MikeD-C05]

And more news-

Creditors to US satellite television firm Dish Network told DirecTV’s attorneys that the current merger proposal that calls for them to take an almost $1.6 billion loss is “unworkable,” according to a letter seen by Bloomberg.

DirecTV rejected a counteroffer from the group of bondholders, which holds about $8.9 billion of Dish notes, that proposed to adjust a debt exchange that the merger will be contingent on. Going forward, DirecTV can negotiate further, close the acquisition as is and “pay a premium to do so,” or face continued litigation, the group said.

The group said the two companies have “crafted a deal that allows DBS’s shareholder to further siphon billions of dollars of value away from DBS, while asking DBS’s creditors to voluntarily forfeit over $1.56 billion in value they are owed,” according to the letter. “It should be no surprise to anyone that such a deal is unworkable.”

Dish Lenders Call DirecTV’s Current Merger Proposal ‘Unworkable’

(Bloomberg) -- Creditors to US satellite television firm Dish Network told DirecTV’s attorneys that the current merger proposal that calls for them to take an almost $1.6 billion loss is “unworkable,” according to a letter seen by Bloomberg. Most Read from BloombergRobotaxis Are No Friend of...

finance.yahoo.com

So the deal will collapse next month then and we will be back where we were with DISH and Sling TV back in Charlie's control and DISH going bankrupt. Should be a nice holiday period for everyone at Charlie's house.

 

[CSM]

So, will DTV still be a separate company with TPG owning all of DTV if the deal with Dish falls through? If so, I wonder how TPG owning all of DTV will run it?

 

[b4pjoe]

So, will DTV still be a separate company with TPG owning all of DTV if the deal with Dish falls through? If so, I wonder how TPG owning all of DTV will run it?

I don't think TPG buying the remaining 70% of DIRECTV was dependent on the purchase of DISH.

 

[CSM]

I wonder if TPG would offer smaller channel packages without the Dish deal?

 

[b4pjoe]

I wonder if TPG would offer smaller channel packages without the Dish deal?

After the deal with Disney was agreed to they said they are going to which was before the Dish deal.

 

[CSM]

If this Dish Network deal falls through, does AT&T selling its 70% stake to TPG require FCC approval? If so, I guess we would still be looking at the new channel packages and pricing in a year?

 

[Bruce]

If this Dish Network deal falls through, does AT&T selling its 70% stake to TPG require FCC approval?

Yes, other government entities also.

If so, I guess we would still be looking at the new channel packages and pricing in a year?

Why would you believe something like the above will happen.

YouTube TV started 7 years ago, in that timeframe, YTTV has gained 8 Million subscribers, while DirecTV lost 14 Million.

If that was not the biggest sign DirecTV should change how they offer their services to the public, but all they have done is double down every year on the business practices they have been doing every year, that helped drive people away.

There is no way they will lower prices, even if they get rid of a bunch of channels, pricing will continue to go up every year since they need to make back the billions of dollars they(TPG) will be spending for the stupidity of buying the company.

 

[CSM]

Yes, other government entities also.

Why would you believe something like the above will happen.

YouTube TV started 7 years ago, in that timeframe, YTTV has gained 8 Million subscribers, while DirecTV lost 14 Million.

If that was not the biggest sign DirecTV should change how they offer their services to the public, but all they have done is double down every year on the business practices they have been doing every year, that helped drive people away.

There is no way they will lower prices, even if they get rid of a bunch of channels, pricing will continue to go up every year since they need to make back the billions of dollars they(TPG) will be spending for the stupidity of buying the company.

Check out what the DTV CEO says at the 1:40 mark.


View: https://www.youtube.com/watch?v=YiBsa3K0wE0

 

[Bruce]

-

Check out what the DTV CEO says at the 1:40 mark.

They also said they wanted a better deal from Disney, for the benefit of their subscribers, yet just a week after the dispute started, DirecTV had one of the biggest increases, just 10 months after the last.

Charter, Comcast, Dish, etc have all said the same thing, want a better deal from the broadcasters for their subscribers, yet name one time prices have gone down or even stayed the same.

One of the biggest examples is Dish, whey they got rid of the RSNs, no longer paying the high per sub fee, many here thought Dish would lower the price or, at least, not have their annual price increase, well, guess what happened, did not lower the price, increase happened as normal, Dish made extra profits.

It will be no different for DirecTV.

 

[Foxbat]

One of the biggest examples is Dish, whey they got rid of the RSNs, no longer paying the high per sub fee, many here thought Dish would lower the price or, at least, not have their annual price increase, well, guess what happened, did not lower the price, increase happened as normal, Dish made extra profits.

Or do you mean Dish’s losses were lessened? If they’re losing money, I doubt they’re making a profit.

 

[Bruce]

Or do you mean Dish’s losses were lessened? If they’re losing money, I doubt they’re making a profit.

Back when they stopped carrying the RSNs, were making plenty of profit.

Today, the Dish side is still profitable, the phone/wireless/spectrum issues are what is making them unprofitable.

 

[nelson61]

So, will DTV still be a separate company with TPG owning all of DTV if the deal with Dish falls through? If so, I wonder how TPG owning all of DTV will run it?

About a year or two ago the at&t guy said TPG has total control of Directv decisions and at&t was very happy with the $$$$$ at&t was receiving.

 

[CSM]

About a year or two ago the at&t guy said TPG has total control of Directv decisions and at&t was very happy with the $$$$$ at&t was receiving.

Did they have total control? They had both AT&T and TPG board members. Wouldn't AT&T have some say in how it was run until they are separate from them?

 

[navychop]

When it’s going into the ground, who’s at the helm matters little.

 

[nelson61]

Did they have total control? They had both AT&T and TPG board members. Wouldn't AT&T have some say in how it was run until they are separate from them?

I assumed since the boss at AT&T said TPG management makes the decisions for Directv, he was speaking truthfully.

 

[prushing]

So the deal will collapse next month then and we will be back where we were with DISH and Sling TV back in Charlie's control and DISH going bankrupt. Should be a nice holiday period for everyone at Charlie's house.

I think right now it's just the larger creditors trying to force an agreement for them to get a larger share of the payments and not be stuck with an equal share of the $1.5 billion loss. They are trying to screw the smaller creditors. It would happen in a bankruptcy the same way with the creditors approving the plan where they get paid the most.

It's just bluffing right now. They will probably get some agreement where they are paid first or they have a smaller share of the loss.

 

[Bruce]

It's just bluffing right now. They will probably get some agreement where they are paid first or they have a smaller share of the loss.

Or TPG uses this to get out of the stupid deal, would read like this-

‘We could not come into agreement with the bond holders, so we have decided not to move forward with the planned purchase of Dish Network assets.’

 

[HipKat]

So the deal will collapse next month then and we will be back where we were with DISH and Sling TV back in Charlie's control and DISH going bankrupt. Should be a nice holiday period for everyone at Charlie's house.

And the Stockholders think this is better??