DISH/SATS Redux: DISH to merge into SATS
Dish has filed an amendment to its merger with Echostar. In a twist, it appears that Dish will now merge into Echostar, with SATS being the surviving entity. As we explained recently, we didn’t expect the initially proposed merger structure to be final, and we expected SATS to become a direct subsidiary of Dish Network. However, the company is now proposing the reverse, with Echostar being the surviving entity.DISH Network is a holding company. Through its subsidiaries, the company operates two business segments: Pay-TV and Wireless. The company provides pay-TV services under: the DISH? brand, which consists of, among other things, Federal Communications Commission licenses authorizing the company to use direct broadcast satellite and Fixed Satellite Service spectrum, the company's owned and leased satellites, and certain other assets utilized in the company's operations; and the Sling? brand, which consists of, among other things, live-linear streaming over-the-top Internet-based domestic, international and Latino video programming services. In addition, the company invests to acquire certain wireless spectrum licenses and related assets.
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