EchoStar to Acquire Slingbox
The satellite provider says the $385 million deal will push programming to more screens.Satellite television provider EchoStar Communications plans to acquire Sling Media for $380 million in cash and EchoStar stock options. EchoStar, of Englewood, Colo., the operator of the Dish Network, already owns a stake in the popular Sling Media, which allows users to stream their television signals to a PC or cell phone. "With todays increasingly mobile lifestyle, EchoStars acquisition of Sling Media will allow us to offer innovative and convenient ways for our customers to enjoy their programming on more displays and locations, including TVs, computers and mobile phones, both inside and outside of the home," EchoStar founder and CEO Charlie Ergen said Sept. 25 in a statement.
EchoStar expects the transaction to close in the fourth quarter.