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In 2011, Dish Network spent over $ 3 billion dollars in acquisitions of companies in bankruptcy, which Motley Fool's Anders Bylund described as " a veritable buying rampage in the bargain bin.
" This includes the April 6, 2011, purchase of Blockbuster Inc. in a bankruptcy auction in New York, agreeing to pay $ 322 million in cash and assume $ 87 million in liabilities and other obligations for the nationwide video-rental company.
Dish Network also acquired the defunct companies DBSD and Terrestar.
Dish Network also made a bid to purchase Hulu on October 2011, but Hulu's owners chose not to sell the company.
There is also speculation that Dish Network might purchase Sprint or Clearwire CEO Charles Ergen plans on adding wireless internet and mobile video services that can compete with Netflix and cable companies.
About the new markets, Ergen said, " Given the assets we've been accumulating, I don't think it's hard to see we're moving in a different direction from simply pay-TV, which is a market that's becoming increasingly saturated.

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