Reported on CNBC this morning, GM and E* have agreed to end the merger. I know the fact that the merger will not happen is old news, but at the this point they have now ended it themselves prior to the contract date in mid- Jan.
Echostar will pay Hughes $600M and will not purchase Pan AM Sat.
I think E* was continuing to pursue a deal only to keep D* off the market as long as possible. Now Hughes has settlled for less $ than the original contract called for and ageed not to force E* to buy PANAM Sat, in order to end the deal early. Does this mean a new deal for DirecTV is coming soon?
Echostar will pay Hughes $600M and will not purchase Pan AM Sat.
I think E* was continuing to pursue a deal only to keep D* off the market as long as possible. Now Hughes has settlled for less $ than the original contract called for and ageed not to force E* to buy PANAM Sat, in order to end the deal early. Does this mean a new deal for DirecTV is coming soon?