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FCC Rejects Proposed $20 Billion Merger of EchoStar, Hughes Electronics.
Byline: Heather Fleming Phillips
Oct. 11--WASHINGTON - The U.S. Federal Communications Commission rejected the proposed $20 billion merger of satellite TV giants EchoStar Communications and Hughes Electronics, saying the combination threatened to reduce competition, drive up prices for consumers and stifle innovation.
Littleton, Colo.-based EchoStar runs the Dish Network, and El Segunda, Calif.-based Hughes Electronics, a unit of General Motors, owns DirecTV. Together the two satellite TV companies reach 18 million viewers, more than 95 percent of the U.S. market.
Echostar tried to convince regulators that its purchase of DirecTV was necessary in order to compete against dominant cable TV companies. It also claimed the merger would ...
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- Newspaper article from: Rocky Mountain News (Denver, CO) Caulk, Steve August 6, 2001 700+ words
...subsidiary Hughes Electronics Corp., setting...billionaires. EchoStar, based in...each share of Hughes Electronics, which owns...weeks after EchoStar Chairman Charlie...negotiations with Hughes Electronics' senior management...
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- Newspaper article from: Rocky Mountain News (Denver, CO) Caulk, Steve May 25, 2001 700+ words
...General Motors in Echostar's effort to...GM subsidiary Hughes Electronics Corp. Ergen...Littleton-based EchoStar Communications...THE PLAYERS EchoStar Chairman Charlie...broadcaster Hughes Electronics Corp., which...
- ERGEN STUNS WALL STREET WITH STOCK-SWAP PROPOSAL ECHOSTAR CHIEF EYES...
- Newspaper article from: Rocky Mountain News (Denver, CO) Caulk, Steve August 7, 2001 700+ words
...Writer STOCK WATCH EchoStar Communications...down $1.65. Hughes Electronics, (GMH: NYSE...Monday as the EchoStar Communications...acquisition of Hughes Electronics Corp. and its...down the value of EchoStar's Dish Network...off $1.65. Hughes Electronics, a ...
- EchoStar Announces Proposal to Combine With Hughes Electronics for $32 Billion,...
- Press release article from: Business Wire August 5, 2001 700+ words
...56 Billion EchoStar Communications...combine with Hughes Electronics Corporation in...would receive EchoStar common stock...General Motors and Hughes Electronics a combination of Hughes and EchoStar that would establish...
- ECHOSTAR MERGER DECLARED DEAD HUGHES ELECTRONICS NETS $600 MILLION TO BREAK UP...
- Newspaper article from: Rocky Mountain News (Denver, CO) Caulk^, Steve December 11, 2002 700+ words
...ROCKY MOUNTAIN NEWS EchoStar Communications and Hughes Electronics officially put...investors declared EchoStar the winner. Even...company. INFOBOX EchoStar DISH: Nasdaq $21.09 UP $2.04 Hughes Electronics GMH: NYSE $11...
- EchoStar ruffles feathers.(controversial plan to buy Hughes Electronics)(Brief...
- Magazine article from: Broadcasting & Cable Albiniak, Paige August 13, 2001 700+ words
...fracas Inside the Beltway, EchoStar Chairman Charlie Ergen is...to buy General Motors' Hughes Electronics--and its crown jewel, EchoStar rival DirecTV (see story...FCC last Monday scolded EchoStar for not playing fair with...
- GM's Hughes Electronics to Merge with EchoStar Communications.
- Press release article from: PR Newswire October 29, 2001 700+ words
...Benefit as Combined Hughes-EchoStar Provides Meaningful Competitor...Corp. and its subsidiary Hughes Electronics (NYSE: GM, GMH) together with EchoStar Communications Corporation...merger of Hughes with EchoStar. The combined company...
- EchoStar's Plan To Buy Hughes Electronics Gains Momentum, S.G. Cowen Analyst...
- Newspaper article from: Satellite News June 11, 2001 700+ words
The odds that EchoStar Communications Corp...Sky Global to buy Hughes Electronics Corp. [GMH] have...Securities Corp. EchoStar is looking for partners...sale of Hughes to EchoStar probably is 70 to...Kaimowitz said. >TK Hughes Electronics [GMH]:
