Satellite service DirecTV buys rival Dish, takes on streaming services

EL SEGUNDO, California: Seeking to better compete against streaming services that dominated the airwaves, DirecTV is acquiring Dish and Sling in a deal it has sought to complete for years.

DirecTV said this week that it would acquire Dish TV and Sling TV from its owner, EchoStar, in a debt exchange transaction that includes a payment of US$1, plus the assumption of approximately $9.8 billion in debt.

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