We use cookies to provide you with a better experience. If you continue to use this site, we'll assume you're happy with this. Alternatively, click here to find out how to manage these cookies

hide cookie message
80,259 News Articles

SlingBox maker bought by EchoStar

Sling Media announces $380m acquisition

Sling Media, maker of the SlingBox TV-streaming device, is set to be acquired by EchoStar Communications, which operates the Dish Network direct-to-home satellite TV service in the US.

The two companies have come to an agreement that will see EchoStar acquire Sling Media with a mixture of cash and EchoStar options. The deal values Sling Media at $380m and is scheduled to close in the fourth quarter of this year.

EchoStar is already an investor in privately-held Sling Media. Others that have been announced include: Mobius Venture Capital, DCM (Doll Capital Management), Hearst Media, Allen & Co, Goldman Sachs and Liberty Media.

Sling Media got a big break at the Consumer Electronics Show in Las Vegas in January 2005 when its SlingBox was named one of the best gadgets at the show. The SlingBox range now includes a family of devices that can stream home entertainment content, such as off-the-air TV, cable, satellite, DVD and other content across a home network or the internet to a receiver or client software running on a PC or mobile phone.


IDG UK Sites

iOS 8 release date, new features and compatibility: Free to download from 6pm

IDG UK Sites

Why local multiplayer gaming is rapidly vanishing: we look at the demise of split-screen and LAN...

IDG UK Sites

Colour-depth not resolution is what will make 4K a success or failure

IDG UK Sites

iPhone 6 vs iPhone 6 Plus: Which new iPhone 6 model should I buy?