(CNN)– DirecTV has agreed to buy rival Dish Network. Under the deal, DirecTV will pay Dish’s owners, EchoStar just $1 in exchange for assuming its billions of dollars in debt. If the companies combine, the new service will have about 20 million subscribers. At its peak in 2015, DirecTV had 20 million subscribers alone. Both companies have struggled to keep customers as streaming platforms like Netflix, Hulu, and Prime Video have gained traction. For years, there have been talks of the satellite services merging. Categories: News Tags: DirecTV, Dish Network