Form 8-K · Current Report · Filed 2024-09-30
DIRECTV to Acquire DISH DBS Corporation in Major Video Distribution Deal
On September 30, 2024, DIRECTV Holdings, LLC entered into a definitive agreement to acquire DISH DBS Corporation, including DISH TV and Sling TV, from EchoStar Corporation.
- Filer
- EchoStar Corporation SATS · NASDAQ
- Filed
- Accession
- 0001104659-24-103932
- CIK
- 0001415404
- Signal
- Medium impactTechnology
- Source
- Official filing on sec.gov ↗
Details
The acquisition, expected to close in Q4 2025, is subject to regulatory approvals and other customary closing conditions. Additionally, EchoStar announced an Exchange Offer for its outstanding notes and a PIPE investment totaling approximately $400 million. Press releases and an investor presentation were issued to disclose these transactions under Regulation FD.
Items reported
Entry into a Material Definitive Agreement
Unregistered Sales of Equity Securities
Regulation FD Disclosure
Financial Statements and Exhibits
Market reaction
Close before filing
$28.04
Next session
-14.1%
Since filing
+262.0%
Latest close
$101.50
What happened, not what will happen — closing prices around the filing date.
Precedent
Previous filings from SATS reporting the same item, with the next session's move:
Exhibits (9)
About EchoStar Corporation
EchoStar Corporation is a prominent company specializing in satellite communication solutions. Its primary function is to provide satellite broadband services, video delivery, and enterprise connectivity to various markets worldwide. With a deep focus on satellite technology, EchoStar plays a critical role in the telecommunications industry by enabling secure, high-speed internet access in remote and underserved areas, thus bridging digital divides. The company also serves a significant role in supporting governmental and defense sectors by supplying reliable communications platforms. EchoStar's contributions extend to media companies, ensuring the efficient delivery of high-quality broadcast services through its expansive network of geostationary satellites. Founded in 1980 and headquartered in Englewood, Colorado, EchoStar Corporation is a vital player in enhancing global communication infrastructure through its commitment to technology advancement and innovation.
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