Sling Media: Sling Media to be Acquired by EchoStar for $380 Million

Published: September 25, 2007, 3:04 am

Tags: dish, echostar, home entertainment, sale, sling media, slingbox, slingplayer, tv

Sling Media, the company that brought you the Slingbox and SlingPlayer software, has been bought by EchoStar. The corporation, which owns the DISH pay-TV network, has valued Sling Media at $380 million, and the sale should take place before the end of the year. Full press release is below. EchoStar Announces Agreement to Acquire Sling Media, Inc. Combination Will Create Industry-Leading Digital Media Solutions Provider ENGLEWOOD, Colo. and FOSTER CITY, Calif., September 24, 2007 - EchoStar Communications Corporation (NASDAQ: DISH) announced today that it has agreed to acquire Sling Media, Inc., a privately-held digital lifestyle products company. EchoStar, through its DISH Network(r), is the third largest pay-TV provider in the United States. The transaction values Sling Media at approximately $380 million and is payable in cash and EchoStar options. The transaction is subject to customary closing conditions, and is expected to close in the fourth quarter of

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