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DirecTV calls off acquisition of rival Dish, possibly ending a yearslong pursuit

DirecTV calls off acquisition of rival Dish, possibly ending a yearslong pursuit

By MICHELLE CHAPMAN, AP Business Writer

DirecTV is calling off its planned acquisition of rival Dish after the offer was rejected by bond holders at that company.

The deal was reliant on Dish bond holders agreeing to trade in the debt they held for debt in the new company, a swap that would have cost them about $1.6 billion, collectively.

The retreat by DirecTV this week may end a years-long effort by the company to acquire both Dish and Sling after it announced the bid in September.

DirecTV was looking to acquire Dish TV and Sling TV from its owner EchoStar in a debt exchange transaction that included a payment of $1, plus the assumption of approximately $9.8 billion in debt. The deal was contingent on several factors, including regulatory approvals and bondholders writing off debt related to Dish.

“While we believed a combination of DirecTV and Dish would have benefited all stakeholders, we have terminated the transaction because the proposed exchange terms were necessary to protect DirecTV’s balance sheet and our operational flexibility,” DirecTV CEO Bill Morrow said in a statement. read more

Winter Park couple becomes two-time space travelers with New Shepard flight

Winter Park couple becomes two-time space travelers with New Shepard flight

Winter Park power couple Marc and Sharon Hagle returned to space on a short suborbital flight aboard Blue Origin’s New Shepard rocket on Friday.

The duo first flew to space on New Shepard back in 2022, the fourth-ever flight of the space tourism rocket. For flight No. 2, they joined four new crewmates on the NS-28 mission that lifted off from Blue Origin’s West Texas launch site at 10:30 a.m. EST (9:30 a.m. CST).

This was ninth human spaceflight since the first in 2021 that took up company founder Jeff Bezos. The trips last a little longer than 10 minutes, but takes passengers up past the Karman line — about 62 miles high — the internationally recognized altitude for someone having gone into space.

The Blue Origin New Shepard capsule RSS First Step returns to Earth after a short suborbital trip to space Friday, Nov. 22, 2024. (Courtesy/Blue Origin)
The Blue Origin New Shepard capsule RSS First Step returns to Earth after a short suborbital trip to space Friday, Nov. 22, 2024. (Courtesy/Blue Origin)

Passengers experience a few minutes of weightlessness before making a parachute-assisted landing just a few miles from the launch site.

Also flying on NS-28 were science communicator Emily Calandrelli; financial services exec Austin Litteral; entrepreneur James Russell; and investment banking CEO Henry Wolfond. read more

Blue Origin’s New Glenn rocket goes vertical on the launch pad

Blue Origin’s New Glenn rocket goes vertical on the launch pad

Blue Origin continued to prep for the maiden flight of its massive New Glenn rocket as it went vertical on the launch pad Thursday ahead of an upcoming hot fire test needed before a launch attempt that is targeting before the end of the year.

“Up we go! The steel launch table that New Glenn sits on weighs 1.7 million pounds (roughly 726 metric tons), including the clamps that connect to the vehicle’s aft ring,” the company posted on social media after the rocket was lifted into a vertical position at Cape Canaveral Space Force Station’s Space Launch Complex 36.

The integrated first and second stage of the rocket were mated earlier this month and made the trip from the integration facility to the pad overnight Wednesday.

“Another step towards launch,” Blue Origin CEO Dave Limp wrote on X. “The transport and lift operation relies on our Transporter Erector or TE, a structure that’s almost 300 feet long and 50 feet wide and weighs more than 4 million pounds.” read more

These hurricane-hardy Apopka homes can withstand 175 mph winds — at an affordable price

These hurricane-hardy Apopka homes can withstand 175 mph winds — at an affordable price

A homebuilder recently submitted plans to the city of Apopka for a subdivision of uniquely hurricane-hardy modular houses that can withstand 175 mph winds.

The plans, from Texas-based Onx Homes, went before the Apopka Development Review Committee on Wednesday, according to GrowthSpotter. The homebuilder wants to build 54 single-family, detached homes at 4101 Golden Gem Rd. on the south side of the Wyld Oaks master-planned community. While the location is attractive, Onx’s homebuilding technology and process that can deliver a solidly built home in as little as 30 days is also alluring.

Onx uses a patented technology called X+ Construction. The process starts in one of the builder’s multiple factories in Texas and Florida, including a recently opened 150,000-square-foot factory in Pompano Beach. All of the home elements and materials are built in these facilities, including kitchen and bathroom “pods” that are ready to be installed in the house as-is upon arrival.

The Lego-like pieces are then delivered to the construction site, where a streamlined process allows Onx to assemble an entire home much quicker than the average construction process of eight months. read more

Five on the floor: A sampler of IAAPA Expo vendors

Five on the floor: A sampler of IAAPA Expo vendors

The exhibit floor of IAAPA Expo is jammed-packed with vendors looking to sell everything from wee key chains to monster thrill rides, all in a wide-open atmosphere. Participants are surrounded by sights and sounds, by animatronics and aromas, by arcade games and famous names.

Plus there are the newbies and oddities, such as ice-free curling games, Mexico-bound roller coaster cars and giant inflatable chickens that double as bounce houses.

There are more than 1,100 vendors on the floor, each with a story. Here are five that caught our eye.

Rocky Mountain Construction’s multilevel booth is made out of — and shipped to Orlando in — shipping containers. (Dewayne Bevil/Orlando Sentinel)

Boxing match

Near one entrance to the 545,000-square-foot exhibit floor is the booth for Rocky Mountain Construction, an Idaho-based ride manufacturer. Its home for IAAPA week is big, blue and made of CONEX shipping containers. The rest of the exhibit, such as furniture and other props, arrived in Orlando inside those containers.

“We wanted something eye-catching with some elevation,” says Steven Paquin, who works in business development for RMC.

The second level has a business meeting area and a large balcony with faux grass and seating. A video screen shows coaster highlights to passersby. On ground level is a space for ride-vehicle display, examples of coaster tracks and more seating. read more