This website (the “Website”) does not constitute an offer to sell or a solicitation of an offer to buy any securities. The securities offered pursuant to the exchange offer referenced in this Website are being offered solely in reliance on applicable exemptions from the registration requirements under the Securities Act of 1933 as amended (the “Securities Act”).
This Website contains forward looking statements of DIRECTV that are subject to risks and uncertainties. All statements other than statements of historical fact included in the Website are forward looking statements. Forward looking statements give DIRECTV’s current expectations and projections relating to its financial condition, results of operations, plans, objectives, future performance and business, including the pending acquisition of DBS. You can identify forward looking statements by the fact that they do not relate strictly to historical or current facts. These statements may include words such as “anticipate”, “estimate”, “expect”, “predict”, “project”, “potential”, “aim to”, “plan”, “intend”, “believe”, “ continue”, “will”, “may”, “might”, “should”, “could”, “can have”, “likely” and other words and terms of similar meaning in connection with any discussion of the timing or nature of future operating or financial performance or other events. In particular, estimated cost synergies disclosed herein were projected by DIRECTV’s management. DIRECTV may fail to realize, or not realize in the amounts anticipated or within the expected timeframe, the estimated synergies, because, among other factors, these cost synergies may require capital investment or integration expenses, and many of these cost savings can only be realized following negotiations with third parties, whose support and cooperation cannot be assured. DIRECTV’s estimate of cost synergies consists, among other factors, of selling, general and administrative savings (including from reduction in overhead expenses, elimination of overlapping support functions, consolidation of customer support resources and rationalization of sales force), technological and engineering savings (including from elimination of duplicate tech investments, consolidation of service platforms, upgrading to more efficient technical services and digitization of billing and collection processes), as well as content and procurement savings (including by benefiting from preferential rates, elimination of overlapping contracts, improved ability to repackage channels and reduction in rate card disparities). Any potential synergies will be realized over time, and may require capital investment or integration expenses, or negotiations with third parties which may not be successful, and may be offset by subscriber losses or increased costs and expenses. The realization of these synergies assumes a closing date by September 30, 2025. The forward looking statements contained in this Website are based on assumptions that DIRECTV have made in light of their industry experience and perceptions of historical trends, current conditions, expected future developments and other factors that are believed to be appropriate under the circumstances. As you read and consider this Website, in particular the circumstances surrounding the acquisition of DBS, you should understand that these statements are not guarantees of performance or results. They involve risks, uncertainties (many of which are beyond the control of DIRECTV) and assumptions. DIRECTV does not undertake a duty to update its forward looking statements, except as required by law.
The information on this Website is provided for informational purposes, and none of DIRECTV or its direct and indirect equity holders, affiliates, partners, directors, officers, employees, agents, advisors and other representatives makes any representation or bears any responsibility to you for the accuracy or completeness (or lack thereof) of the information on the Website.
