- US regulators approve deal, reuniting Charlie Ergen’s empire
- Merger said to ease pressure on Dish’s hefty debt load
The merger eases pressure on Dish’s debts and is essential to its near-term funding.
Photographer: David Paul Morris/BloombergUpdated on
Dish Network Corp. shares surged Thursday after the US Federal Communications Commission approved its merger with EchoStar Corp., clearing the way for the deal to close this month and ease debt worries.
As part of the deal, Dish will move under control of EchoStar, which runs a satellite network. Charlie Ergen, who co-founded and chairs both companies, announced plans for the transaction in August.
Up Next
Dish Jumps After FCC Clears EchoStar Deal Reuniting Ergen’s Empire