DISH, DTV: Dish Network, DirecTV Surge on Merger Rumors
Both stocks were up before falling Thursday morning
Dish Network (DISH) and DirecTV (DTV) saw their stocks go up after rumors of a potential merger between the two companies came to light.
DISH stock jumped 6.3% at the close of trading yesterday while DTV rose 5.7%. The first company allegedly approached DirecTV to talk about a possible merger that would create the second largest pay-TV provider in the U.S.
The merger would help create a TV juggernaut capable of competing with Comcast (CMCSA) which will have 35 million subscribers once it merges with Time Warner Cable (TWC).
Although the news helped the stock of both companies, DISH is down about 0.7% Thursday. DTV stock is down close to 3% today.
Article printed from InvestorPlace Media, http://investorplace.com/2014/03/dish-dtv-dish-network-directv-merger/.
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