TITLE

Sling Media Buys EchoStar

PUB. DATE
October 2007
SOURCE
Red Herring;10/7/2007, Vol. 4 Issue 29, p11
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the acquisition of Sling Media by satellite television provider EchoStar Communications for $380 million. The move is expected to boost EchoStar's media-to-go strategy and sets the stage for the spin-off of a new company containing its technology assets. The acquisition of Foster City, California-based Sling Media, maker of the SlingBox, which funnels content from a user's home TV content to any Internet-connected personal computer or mobile device, provided exits for venture capital and private equity firms that had plowed $57.1 million into the company in two rounds since 2004.
ACCESSION #
28819294

 

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