neuron2
28th September 2007, 00:45
AT&T has offered to buy EchoStar, the nation's second largest satellite TV service.
That's according to an article today from TheStreet.com.
The web site reports that AT&T has offered $55 a share, while the satcaster may be holding out for $65 a share.
The deal would seem to make sense for both companies.
EchoStar is under pressure to increase spending on several initiatives, including High-Definition TV, to keep pace with rival DIRECTV and the cable operators. AT&T could supply the financing, for instance, for EchoStar to launch new satellite to expand high-def capacity.
Read more:
http://www.tvpredictions.com/attecho092707.htm
That's according to an article today from TheStreet.com.
The web site reports that AT&T has offered $55 a share, while the satcaster may be holding out for $65 a share.
The deal would seem to make sense for both companies.
EchoStar is under pressure to increase spending on several initiatives, including High-Definition TV, to keep pace with rival DIRECTV and the cable operators. AT&T could supply the financing, for instance, for EchoStar to launch new satellite to expand high-def capacity.
Read more:
http://www.tvpredictions.com/attecho092707.htm