DISH, DTV: Dish Network, DirecTV Surge on Merger Rumors

by Karl Utermohlen | March 27, 2014 1:48 pm

DISH, DTV: Dish Network, DirecTV Surge on Merger Rumors

Dish Network (DISH[1]) and DirecTV (DTV[2]) saw their stocks go up after rumors of a potential merger between the two companies came to light.

DishNetworkNew185 DISH, DTV: Dish Network, DirecTV Surge on Merger Rumors[3]DISH stock jumped 6.3% at the close of trading yesterday[4] 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[5]) which will have 35 million subscribers once it merges with Time Warner Cable (TWC[6]).

Although the news helped the stock of both companies, DISH is down about 0.7% Thursday. DTV stock is down close to 3% today.

Endnotes:
  1. DISH: http://studio-5.financialcontent.com/investplace/quote?Symbol=DISH
  2. DTV: http://studio-5.financialcontent.com/investplace/quote?Symbol=DTV
  3. [Image]: http://investorplace.com/wp-content/uploads/2013/11/DishNetworkNew185.jpg
  4. trading yesterday: http://www.bidnessetc.com/21330-dish-networks-corp-nasdaq-dish-and-directv-nasdaq-dtv-news-analysis-dish-and-directv-in-merger-talks/
  5. CMCSA: http://studio-5.financialcontent.com/investplace/quote?Symbol=CMCSA
  6. TWC: http://studio-5.financialcontent.com/investplace/quote?Symbol=TWC

Source URL: http://investorplace.com/2014/03/dish-dtv-dish-network-directv-merger/
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