EchoStar Acquires Sling Media for $380 Million
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Echostar said Tuesday that it will acquire Sling Media in a $380 million cash and stock deal that closes later this year.
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News of the $4 billion deal sent shares of United Rentals upwards 61 cents, or roughly 2%, to $32.98 a share.
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Sling Media is partnering with its first mobile operator to give U.K. customers access to home TV channels on mobile handsets.
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Cisco Systems(R) (NASDAQ: CISCO) today announced that it has completed the purchase of select assets of privately-held Utah Street Networks, Inc., the operator of the social networking site Tribe.net.
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Some within IPTV sector hope EchoStar's $380 million purchase of SlingMedia is only the first big deal.
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Warner Music Group Corp.  said on Monday it will acquire 73.5 percent of Roadrunner Music Group B.V., which includes Roadrunner Records, one of the leading hard rock labels, for about $73.5 million.
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EchoStar Holding Corp., the set-top box maker that sells the Slingbox, introduced a digital-analog TV converter that U.S. consumers can get for free and use to view watch older sets after the country moves to all-digital broadcasting in February 2009.
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Dish Network owner will buy the developer of the innovative SlingBox TV-streaming device.
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Rupert Murdoch's News Corp. Ltd.  NCP.AX will sell its stake in Sky Latin America to DirecTV  Group DTV.N, another company which it controls, for $579  million in order to consolidate operations of the two satellite  broadcasters, the companies said on Monday.
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Eyes Sling's clip sharing tech US satellite-transmitted pay-TV company EchoStar is to buy Sling Media, developer of the Slingbox family of TV-over-the-net gadgets. The deal's worth $380m, to be paid in a mix of cash and EchoStar stock.â¦
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NEW YORK  - Rupert Murdoch's News Corp. Ltd. will sell its stake in Sky Latin America to DirecTVGroup , another company which it controls, for $579million in order to consolidate operations of the two satellitebroadcasters, the companies said on Monday.
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Liberty Media Corp.   and EchoStar Communications Corp.  are preparing a joint offer for satellite-communications provider Intelsat Ltd, The Wall Street Journal's online edition said on Thursday.
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The EchoStar Communications Corporation said fourth-quarter profit rose 15 percent as a result of an increase in subscribers.
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The software giant says it is buying Tellme Networks in a deal believed to be in the range of $800 million.
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Satellite television operator EchoStar  Communications Corp  said on Tuesday that it was  considering a spinoff of its technology and infrastructure  assets into a publicly traded company separate from its  consumer pay-TV business.
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DirecTV and EchoStar make a deal to sell wireless broadband. Will it be enough?
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Sling Media diversified its product portfolio on Thursday, introducing three new devices designed to cater to the different needs of its users. Dubbed the Slingbox PRO, AV and TUNER, the units will start at $179.99 USD.