DIRECTV terminated the $9.75bn acquisition of DISH DBS from EchoStar.

DIRECTV, a multichannel video programming distributor, terminated the $9.75bn acquisition of DISH DBS, the pay-tv business, from EchoStar, a premier provider of technology, networking services, television entertainment and connectivity. "While we believed a combination of DIRECTV and DISH would have benefitted all stakeholders, we have terminated the transaction because the proposed Exchange Terms were necessary to protect DIRECTV's balance sheet and our operational flexibility. DIRECTV will advance our mission to aggregate, curate, and distribute content tailored to customers' interests by pursuing innovative products and providing customers with additional choice, flexibility, and control. We are well positioned for the future with a strong balance sheet and support from our long-term partner TPG," Bill Morrow, DIRECTV CEO.