DirecTV promptly announces deal to acquire EchoStar’s video business that includes Dish TV and Sling TV, cementing a combination the two have sought for decades.

DirecTV is buying Dish and Sling as the company, a deal it has sought to complete for years as seeks to better compete against streaming services that have become dominant

DirecTV is acquiring satellite rival Dish Network, creating by far the largest U.S. pay-TV operator. The two satellite companies, which have struggled in recent years due to cord-cutting and their innate inability to offer broadband services, have discussed coming together several times over the years.