EchoStar Communications (SATS, Financial) stock plummeted over 17.2% to $23.2.
DirecTV and Dish have agreed to merge. Under the deal terms, DirecTV will acquire Dish from EchoStar Communications for a nominal $1 plus approximately $9.75 billion in debt.
This transaction, pending regulatory approval, is expected to finalize in the fourth quarter of 2025. The combined entity will become the largest pay-TV provider in the United States.