We like the Slingbox ergo we like Sling Media - so please treat it purrty EchoStar.
The US pay-TV network has bought Sling Media for $380m, payable in cash and EchoStar options, and while the transaction is still subject to customary closing conditions and won't be completed until late in Q4 I think it has got a bargain.
"With today's increasingly mobile lifestyle, EchoStar's acquisition of Sling Media will allow us to offer innovative and convenient ways for our customers to enjoy their programming on more displays and locations, including TVs, computers and mobile phones, both inside and outside of the home," said Charlie Ergen, CEO and co-founder of EchoStar. "This combination paves the way for the development of a host of new innovative products and services for our subscribers, new digital media consumers and strategic partners."
Blake Krikorian, co-founder and CEO of Sling Media agreed saying "By combining strategies, resources and technologies with EchoStar, Sling Media will be able to rapidly expand our open multi-platform product offerings, not only for DISH Network subscribers, but for digital media enthusiasts around the globe."
All sounds very interesting though both companies weren't giving any details away at this point. I'll keep my eyes peeled however because this union could have groundbreaking results...