EchoStar Corporation has completed its acquisition of Hughes Communications. Under the terms of the transaction, Hughes’ shareholders will receive $60.70 per share without interest, which represents a premium of 31 percent over Hughes’ unaffected closing share price of $46.43 on January 19, 2011. The funding of the acquisition is being supported by the recent successful placement of $1.1 billion of senior secured notes and $900 million of senior unsecured notes.

“The two companies together will have an extensive fleet of owned and leased satellites, experienced personnel and communications facilities around the world, creating a global leader in video and data transport, said Michael Dugan, CEO and president of EchoStar, in a statement. "We also want to express our appreciation for the FCC’s thorough but expeditious review process, approving the merger less than 82 days after public notice."

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Tubi, DAZN Ink FAST Collab

The sports platform DAZN is teaming up with Tubi to roll out the FAST channels DAZN Ringside and DAZN Women’s Football in the U.S. and DAZN TV and DAZN Women’s Football in Canada.

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