published on: mingster

http://www.slingbox.com/get/pr-echostar-slingmedia.html

EchoStar Announces Agreement to Acquire Sling Media, Inc.

ENGLEWOOD, Colo. and FOSTER CITY, Calif., September 24, 2007 – EchoStar Communications Corporation (NASDAQ: DISH) announced today that it has agreed to acquire Sling Media, Inc., a privately-held digital lifestyle products company. EchoStar, through its DISH Network®, is the third largest pay-TV provider in the United States. The transaction values Sling Media at approximately $380 million and is payable in cash and EchoStar options. The transaction is subject to customary closing conditions, and is expected to close in the fourth quarter of 2007....