A nebulous report in a merger trade publication about behind-the-scenes talks with Amazon.com (AMZN) - Get Report was enough to boost shares of satellite broadcast giant Dish Network (DISH) - Get Report on Thursday.
Dish's stock price jumped 1.52% to $36.02 a share after CTFN M&A reported talks between the two companies about an unknown issue, according to Bloomberg, which cited the trade publication.
The CTFN M&A story noted the talks could be about carriage renewal fees, arguing it would be too early for Dish to seek funding to build out its network, with an expansion not likely to occur before the close of the T-Mobile's (TMUS) - Get Report pending $26.5 billion merger with Sprint (S) - Get Report .
How recent the discussions were is another issue, with CTFN M&A citing a person familiar with the issue as placing them more than a month ago.
Dish is gearing up to go head to head with the new wireless giant after the merger closes, now not expected to happen until next spring.
Dish has scooped up assets T-Mobile and Sprint were forced to sell by federal regulators as part of the merger approval process, with hopes of becoming a major competitor.
The Englewood, Col.-based satellite broadcast company handily beat third-quarter earnings estimates while posting a narrow miss on revenue.
Dish's stock price has been on the rebound over the past seven weeks, up from $33.09 a share on Sept. 30.