EchoStar Acquires Sling Media for $380 Million

Iria · Sep 25, 2007, 08:35 PM

Source: BetaNews
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Echostar said Tuesday that it will acquire Sling Media in a $380 million cash and stock deal that closes later this year.

Echostar is the parent company of Dish Network, while Sling Media is the manufacturer of the Slingbox 'place-shifting' device. Sling will become a wholly-owned subsidiary of the satellite television company, although it will not change any of the services or products it provides.

Sep 25, 2007, 08:35 PM	#1
Iria DriverHeaven Extreme Member Join Date: Apr 2004 Posts: 7,275 Rep Power: 89	EchoStar Acquires Sling Media for $380 Million Source: BetaNews _______ Echostar said Tuesday that it will acquire Sling Media in a $380 million cash and stock deal that closes later this year. Echostar is the parent company of Dish Network, while Sling Media is the manufacturer of the Slingbox 'place-shifting' device. Sling will become a wholly-owned subsidiary of the satellite television company, although it will not change any of the services or products it provides.