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Dish Network Parent EchoStar’s Stock Climbs On Latest DirecTV Merger Reports
Shares of Dish Network parent EchoStar surged 11% on heavy trading volume Friday on reports of an imminent merger between Dish and satellite TV rival DirecTV.
That said, a number of regulatory officials have largely held a skeptical view of M&A and corporate consolidation in recent years, though a new presidential administration could also provide a reset. When a previous signal of a potential combo caused an uptick in EchoStar shares earlier this month, Citi Research noted that there was “still a high degree of industrial logic” to a merger. A deal would make sense as the companies “try to navigate the secular erosion of linear video subscriptions and improve scale to offer a streaming alternative.”
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