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EchoStar Stock Hit On Deal To Sell Dish TV To DirecTV

EchoStar Stock Hit On Deal To Sell Dish TV To DirecTV

Shares of EchoStar Corp. dropped around 12 percent on Monday's regular trading and more than 1 percent in the extended trading on the Nasdaq after the firm agreed to sell its video distribution business Dish TV and digital business Sling TV to rival DirecTV for a nominal price of $1, plus the assumption of DISH DBS's net debt. The combination of DIRECTV and DISH would create the largest pay-TV...
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