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.

Dish bondholders rejected DirecTV's revised offer on Monday which lowered the minimum loss on $8.9 billion of bonds

DirecTV says it will walk away from its merger agreement with Dish Network on November 22 if the company remains unable to reach a specific agreement with some of its creditors. This article, DirecTV says meger agreement with Dish Network could fall apart,