EchoStar Reaches Deal to Acquire Sling Media for $380M; May Spin Off Into Two Separate Companies

EchoStar Communications is acquiring Sling Media in a deal worth $380M. Slingbox set-tops “allow cable and satellite subscribers to remotely access programming from their homes via high-speed Internet connections.” EchoStar was already an investor in the company, having joined a $46.6M round of financing in January ’06 for Sling Media, as part of a group that included Goldman, Sachs & Co., Liberty Media and others. The firm will explore a possible split into two publicly traded companies, one focusing on its consumer pay-TV business DISH Network and the other on its technology and infrastructure businesses.
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