The company said it received written notice from DIRECTV on November 20, 2024 that DIRECTV was terminating the Purchase Agreement effective at 11:59 p.m. ET on November 22, 2024.

1. 01

   The company said it received written notice from DIRECTV on November 20, 2024 that DIRECTV was terminating the Purchase Agreement effective at 11:59 p.m. ET on November 22, 2024.

2. 02

   EchoStar said DIRECTV is terminating the Purchase Agreement under Section 7.01(a)(iv) because the Exchange Offer was not consummated by the Exchange Offer Settlement Date.

3. 03

   The company said it entered into an Equity Purchase Agreement with DIRECTV Holdings, LLC on September 29, 2024, under which DIRECTV was expected to acquire all of the issued and outstanding equity interests of DISH DBS Corporation, which operates the company's Pay-TV business.

4. 04

   DISH said no termination fee or other payment is owed by either party to the other as a result of the termination of the Purchase Agreement.

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