Profitelligence Profitelligence · Filing Ledger Open SATS research →

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

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

Item 1.01

Entry into a Material Definitive Agreement

New Major Contract
Item 3.02

Unregistered Sales of Equity Securities

Unregistered Stock Issuance
Item 7.01

Regulation FD Disclosure

Regulation FD Disclosure Press Release Furnished
Item 9.01

Financial Statements and Exhibits

No viable tag

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.

Exchange NASDAQ Industry Communication Equipment Company website ↗

Never miss another SATS filing

Profitelligence watches EDGAR around the clock and alerts you within seconds.

Set up free alerts