EchoStar stock plunged 13% Tuesday on the news that bondholders of subsidiary Dish Network rejected a proposed debt deal seen as key to sealing a merger with satellite rival DirecTV. Shares fell to $22.

DirecTV said it will abandon a plan to buy its satellite television rival after some bondholders refused to accept a steep discount on Dish parent EchoStar’s debt.

A group of creditors associated with Echostar's pay television service Dish Network have rejected a bond exchange offer from the company. This article, Dish creditors reject bond exchange, raising questions about DirecTV acquisition,

The combination of satellite TV businesses DirecTV and Dish Network depends on a debt exchange that's being made more enticing, EchoStar says.

The deal between the rival satellite TV giants for $1 and $9.75 billion in debt is contingent upon Dish's bondholders agreeing to a debt exchange

DirecTV plans to abandon its planned purchase of Dish Network Corp. in 10 days if bondholders don't agree on a debt exchange. “A successful exchange was a condition for acquiring the Dish video business,

Dish Network Corp. creditors have rejected the US satellite-television provider’s bond-exchange offer on the eve of a deadline for a debt deal that is key to the company’s proposed acquisition by rival DirecTV.