DirecTV's brave action: buying Dish and Sling to fight against big streaming companies.
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DirecTV is buying Dish and Sling to compete with popular streaming services. This deal has been in the works for years and will combine two big satellite TV companies.
People are watching less satellite TV and more streaming services like Netflix. DirecTV hopes that by combining with Dish, they can offer lower prices and better services.
This deal will also help EchoStar, the company that owns Dish, which is having financial problems. EchoStar will now focus on its wireless business, Boost Mobile.
The deal needs to be approved by regulators and is expected to be finalized in 2025. Experts think it might be approved this time because the TV market has changed a lot.
Separately, AT&T is selling its remaining stake in DirecTV to another company. This means AT&T is completely out of the entertainment business after buying DirecTV in 2015.
Questions
Who is buying Dish and Sling?
DirecTV is buying Dish and Sling.
Why is DirecTV combining with Dish?
DirecTV hopes to offer lower prices and better services.
When is the deal expected to be finalized?
The deal is expected to be finalized in 2025.
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