SATS Dips Over 17% Following DirecTV and Dish Merger Announcement

Sep 30, 2024

EchoStar Communications (SATS, Financial) stock plummeted over 17.2% to $23.2.

DirecTV and Dish have agreed to merge. Under the deal terms, DirecTV will acquire Dish from EchoStar Communications for a nominal $1 plus approximately $9.75 billion in debt.

This transaction, pending regulatory approval, is expected to finalize in the fourth quarter of 2025. The combined entity will become the largest pay-TV provider in the United States.

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I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.

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