Echostar to buy Hughes in $2bn deal

first_imgMonday 14 February 2011 9:19 pm whatsapp Read This Next’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap4 ideal Zion Williamson trade scenarios from the New Orleans PelicansSportsnautRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapRick Leventhal to Exit Fox News Just as His Wife Kelly Leaves ‘RealThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap’In the Heights’ Underwhelms at Box Office With $11.4 Million DebutThe WrapJason Whitlock, Former ESPN and Fox Sports Reporter, Resurfaces at BlazeThe WrapFox News’ Mark Levin Says Capitol Riot Suspects ‘Would Be Treated Better’The Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe Wrap by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen Heraldautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.com ECHOSTAR Corp agreed to buy Hughes Communications for about $1.33bn (£830m), excluding debt, as the digital set-top box maker looks to beef up its broadband satellite services offerings.Under the terms of the deal, Hughes’ shareholders will get $60.70 per share, a 31 per cent premium over the stock’s 19 January close, a day before Hughes had hired bankers for a sale.EchoStar, co-founded by Dish Network chief executive and billionaire Charlie Ergen, will pay $2bn for the acquisition including debt.EchoStar’s offer for Hughes follows its largest customer Dish Network’s deal earlier this month to buy DBSD North America, a satellite network operating under bankruptcy, for $1bn. Share whatsappcenter_img Echostar to buy Hughes in $2bn deal Show Comments ▼ KCS-content Tags: NULLlast_img