EchoStar to Buy Sling Media
EchoStar Communications Corp said on Monday that it will buy Sling Media Inc, a privately held company known for its Slingbox device that relays home television programs to laptops and cell phones.More here.
EchoStar, parent of the Dish Network Satellite Television service, said the deal values Sling Media at approximately $380 million, payable in cash and EchoStar options.
The transaction is expected to close in the fourth quarter of 2007, EchoStar said.
The Slingbox connects cable and satellite TV set-top boxes to the Internet. As a result, cell phones and other Web-connected devices can show what's on a customer's living room TV.
posted by Fergie @ 9/25/2007 09:11:00 AM
0 Comments:
Post a Comment
<< Home