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Shares In Dish Network Parent EchoStar Surge On Reports Of Yet Another Round Of Merger Talks With DirecTV
Shares in Dish Network parent EchoStar climbed 6% Monday after reports that the satellite TV division is once again discussing a merger with DirecTV.
Shares in Dish Network parent EchoStar climbed 7% in early trading Monday in the wake of reports that the satellite TV division is once again discussing a merger with DirecTV. 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.” Craig Moffett of MoffettNathanson sees a much higher likelihood of a deal passing regulatory muster today, compared with a previous media era.
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