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EchoStar Corp. engages in the design, development, and distribution of digital set-top boxes and products for direct-to-home satellite service providers. It operates through the following business segments: Hughes, and EchoStar Satellite Services. Read More The Hughes segment provides broadband satellite technologies and broadband services to home and small office customers and network technologies, managed services, and communication solutions. The ESS segment owns and leases in-orbit satellites and licenses to lease capacity on a full time and occasional use. The company was founded by Charlie William Ergen, Candy Ergen, and James DeFranco in 1980 and is headquartered in Englewood, CO.
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Wall Street JournalMay 20
Dish Network to Buy EchoStar’s Broadcast Satellite Business
Dish Network Corp. reached a deal to buy EchoStar Corp.’s broadcast satellite-service business for about $800 million in stock, as the company brings in-house operations it split off more than a decade ago. The Englewood, Colo., satellite-television provider on Monday said the purchase, which includes nine direct broadcast satellites and certain real estate, would create operating efficiencies and improve its free cash flow. Dish......
Dish to buy EchoStar's BSS business in a deal valued at over $800 million
Dish Network Corp. DISH, -0.37% announced Monday a deal to buy EchoStar Corp.'s broadcast satellite service (BSS) business in a stock deal valued at over $800 million. Under terms of the agreement, Dish will exchange 22.9 million of its shares, to be distributed to EchoStar shareholders, in exchange for nine direct broadcast satellites and certain key employees, and select real estate properties. Based on Friday's closing price of $35.33, the deal is valued at $809.06 million. ""In 2017, when DISH acquired ...
Yahoo FinanceMay 20
DISH to Acquire EchoStar's BSS Business in an All-Stock, Tax-Free Transaction Valued at Approximately $800 million
ENGLEWOOD, Colo., May 20, 2019 /PRNewswire/ -- DISH Network Corporation and EchoStar Corporation today announced they have executed an agreement that will transfer certain EchoStar operations and other assets that comprise the company's Broadcast Satellite Service (BSS) Business, including nine direct broadcast satellites and the certain key employees responsible for satellite operations, licensing for the 61.5-degree orbital slot, and select real estate properties to DISH in exchange for approximately 22.9...
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