1 option
Three firms, a merger, and a failed acquisition : the DISH network, EchoStar, and DIRECTV case / Christopher Craig.
- Format:
- Book
- Author/Creator:
- Craig, Christopher, author.
- Series:
- SAGE business cases.
- SAGE business cases
- Language:
- English
- Subjects (All):
- Consolidation and merger of corporations--Case studies.
- Consolidation and merger of corporations.
- Physical Description:
- 1 online resource : illustrations.
- Place of Publication:
- London : SAGE Publications: SAGE Business Cases Originals, 2026.
- Summary:
- DISH Network experienced a ransomware cybersecurity attack in February 2023 that rendered its systems inoperable. The result was revenue loss from its (i) Boost Mobile retail, (ii) satellite television, and (ii) Sling TV streaming subscriptions. DISH's financial position became dire, and on December 31, 2023 it merged with its former parent corporation, EchoStar. EchoStar was a Fortune 500 corporation that specialized in networked connectivity and communication, including its orbital satellite and broadband internet infrastructures. The merger added Boost Mobile's 5G network to EchoStar's portfolio of infrastructure. However, (i) the financial and operational synergies were not fully realized, and (ii) the post-merger debt obligations were becoming too burdensome. Nine short months after the merger, EchoStar announced it had entered an agreement for DIRECTV to acquire its video distribution unit, including DISH TV (satellite) and Sling TV (streaming). The deal was for DIRECTV to acquire the two business units in a debt exchange for USD 9.75 billion from DISH's original noteholders. There was one problem: The noteholders refused the USD 1.5 billion-dollar devaluation upon which the deal negotiated. Charlie Ergen-EchoStar's Chair of the Board-refused to negotiate with the noteholders, and DIRECTV formally canceled the deal on November 21, 2024. Given its debt service obligations, bankruptcy was becoming a real possibility for the highly leveraged EchoStar. With the DIRECTV acquisition no longer an option, it raises the question: What strategic options did EchoStar have left?
- Notes:
- Description based on XML content.
- ISBN:
- 979-83-488-3311-4
- OCLC:
- 1569208444
- Publisher Number:
- T299195
The Penn Libraries is committed to describing library materials using current, accurate, and responsible language. If you discover outdated or inaccurate language, please fill out this feedback form to report it and suggest alternative language.