Friday
December
19
2014
8:30 am
Weather

  Home
  Local News
  State / National / World
  Sports
  Opinion / Letters
  Business
  Arts / Entertainment
  Lifestyle
  Obituaries
  Calendar
  Submit Event
  Comics / Games
  Classifieds
  DJ Designers
  Archives
  Advertise With Us
  About Us
 
 
 
 
Dish, DirecTV shares rise on reported merger talk
March 27, 2014, 05:00 AM The Associated Press

LOS ANGELES — Shares of satellite TV companies Dish and DirecTV surged in midday trading Wednesday after a report said that Dish Chairman Charlie Ergen had contacted DirecTV CEO Mike White about merging.

Bloomberg News reported Ergen initiated the discussion in response to Comcast Corp.’s pending $45 billion acquisition of Time Warner Cable Inc., which was announced last month. The news service cited several unnamed sources.

Dish Network Corp. spokesman Bob Toevs declined to comment. DirecTV spokesman Robert Mercer said the company doesn’t comment on speculation.

The companies last tried to merge more than a decade ago, but the Federal Communications Commission killed the deal in 2002 because it would eliminate competition. While Ergen has long supported the two companies coming together, White has been less vocal about the matter.

White told an investors conference earlier this month, however, that the video industry has changed in the last decade, gotten more competitive because of the entry of telecommunications companies, and expects it to change more in the next five years.

Dish shares rose $3.67, or 6.3 percent, to $62.09, while DirecTV shares rose $4.17, or 5.7 percent, to $77.34.

Dish is based in Englewood, Colo., and DirecTV is based in El Segundo, Calif.

 

 

Tags: directv, companies, ergen, white, shares,


Other stories from today:

 

 
Print this Page Print this Page  |  Bookmark and Share
<< Back
 
Return To Archives
 
  


 
 
 
Daily Journal Quick Poll
 
Do you think police officers should wear body cameras?

Yes, it will help with accountability
Yes, it will help reduce complaints
Yes, but it's not a panacea
No, too costly
No need

 

 
 
 
 
 
 
 
 
  
 
  
 
©2014 San Mateo Daily Journal
San Mateo County notice to administer estate