This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

AT&T Moves Ahead on DISH Deal

Updated from 10 a.m.

AT&T has hired Goldman Sachs to explore the acquisition of EchoStar (DISH - Get Report), has learned.

Goldman was hired by AT&T about a month ago, says a source familiar with the companies. It was around that time that EchoStar said it was considering splitting its TV broadcasting operations from its wholesale satellite transmission business.

The move adds more fuel to the deal developments first reported last month by, and comes as Citigroup issued an analyst note saying it expects that AT&T will pay $65 a share to buy EchoStar's TV business.

AT&T said it had no comment. "We are not commenting," an EchoStar representative said.

"I think they want to get this deal done this year, I'd give it three to six weeks to put it together," says another source who follows both companies.

The deal would give AT&T control over the video offering to supplement its delayed and costly TV-via-Internet effort. The push to get the deal underway now comes from the perception that the current pro-deal, Republican-led regulatory agencies could change if a Democratic administration is elected next year, observers say.

Speculation that AT&T would want to take over its satellite TV partner has been circulating for more than a year.

Last month, sensing a deal in the works, Oppenheimer analyst Tom Eagan raised his rating on the Dish satellite broadcaster to a buy, speculating in a research note Thursday that AT&T would likely pay about $56 a share for the TV service.
1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
DTV $0.00 0.00%
DISH $45.56 0.00%
GS $156.47 0.00%
T $36.88 0.00%
AAPL $94.02 0.00%


Chart of I:DJI
DOW 16,204.97 -211.61 -1.29%
S&P 500 1,880.05 -35.40 -1.85%
NASDAQ 4,363.1440 -146.4150 -3.25%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs