EchoStar Acquires Sling Media for $380 Million

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*Source: BetaNews (http://www.betanews.com/article/Echo...n/1190732379)*
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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.

Echostar is the parent company of Dish Network, while Sling Media is the manufacturer of the Slingbox 'place-shifting' device. Sling will become a wholly-owned subsidiary of the satellite television company, although it will not change any of the services or products it provides.

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