Dish Network Bids $25.5 Billion for Sprint Nextel
This could be a big merger Monday: Dish Network is bidding to acquire Sprint Nextel, and Thermo Fisher Scientific has agreed to buy Life Technologies.
This could be a big merger Monday: Dish Network is bidding to acquire Sprint Nextel, and Thermo Fisher Scientific has agreed to buy Life Technologies.
Dish Network is offering to buy Sprint Nextel Corp. in a cash-and-stock deal it values at $25.5 billion, saying its bid is superior to that of Japanese phone company SoftBank.
A federal jury on Thursday found sports programmer ESPN liable for only one breach-of-contract claim made by Dish Network Corp and awarded Dish $4.86 million, a mere fraction of the more than $152 million it had sought.
The video-rental chain Blockbuster plans to close about 300 stores across the country, losing about 3,000 employees. The closures will leave about 500 Blockbuster locations in the U.S. In 2011, Dish Network bought then-bankrupt Blockbuster for $320 million.
Satellite TV provider Dish Network is offering to buy wireless network operator Clearwire %u2014 which agreed to sell itself to Sprint in December %u2014 for $3.30 per share, or $5.15 billion. Sprint, which owns 51 percent of Clearwire, said it would have to sign off on Dish's unsolicited offer and that it does not intend to do so.
Companies get into fights all the time: in the courts, through their advertising, in contract negotiations with partners, and even with their own workers. To some extent, it's just business as usual -- but when those fights escalate, it's often consumers who feel the pain.
Rising enthusiasm for comic books has led some to view them as an investment like rare baseball cards or stamps. There's good reason for this: History shows that hard-to-find comics can command huge sums. But should you put your money in the hands of superheroes?
Dish Network needed this week's deal that will allow it to continue broadcasting local television channels in some of Gannett's markets, but it's just one less problem that the company has to tackle.
Verizon will pay Tivo at least $250.4 million to settle a patent lawsuit related to its DVR technology. The companies agreed to dismiss all pending litigation, and have inked a licensing deal. The news sent shares of the digital video recording pioneer up more than 7% Monday morning.
If you've been noticing a little bit less of SpongeBob on Nickelodeon, Snooki on MTV, or Stephen Colbert on Comedy Central, it's by design: Viacom is squeezing more commercials into every hour of programming. That's the bad news. The worse news is that it's not working.
DVDs -- and even their more modern Blu-ray siblings -- are gradually fading to black, as VHS and LaserDisc did before them. Movie studios have seen this coming for some time. Problem is, it's part of a bigger trend they may not be able to overcome.
Messing with TiVo's patents is a losing proposition for rival distributors of digital video recorders, as AT&T just became the most recent competitor to discover -- to the tune of at least $215 million.
Netflix wants to thank you for your loyalty. The beleaguered video rental giant is offering subscribers to its DVD plans an extra disc this month. No catch, no bait and switch: Just a straight good will gesture after a year of missteps.
TiVo is finally clicking the green"thumbs up" button for its shareholders again. The digital video recorder pioneer ended its fiscal third quarter with 117,000 more subscribers than it started with -- its first gain in four years.
The holiday shopping season officially kicks off on the Friday after Thanksgiving. Actually, make that during Thanksgiving for some retailers. Here's a rundown of some of the items that will shape this holiday week.














