Dish, DirecTV shares rise on reported merger talk

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LOS ANGELES (AP) — Shares of satellite TV companies Dish and
DirecTV surged in midday trading Wednesday after a report said that
Dish Chairman Charlie Ergen had contacted DirecTV CEO Mike White about
merging.
Bloomberg News reported Ergen initiated the discussion in
response to Comcast Corp.’s pending $45 billion acquisition of Time
Warner Cable Inc., which was announced last month. The news service
cited several unnamed sources.
Dish Network Corp. spokesman Bob
Toevs declined to comment. DirecTV spokesman Robert Mercer said the
company doesn’t comment on speculation.
Dish shares rose $4.67, or 8 percent, to $63.09, while DirecTV shares rose $4.88, or 6.7 percent, to
$78.05.
Dish is based in Englewood, Colo., and DirecTV is based in El Segundo, Calif.
Copyright 2014 The Associated Press. All rights
reserved. This material may not be published, broadcast, rewritten or
redistributed.
LOS ANGELES (AP) — Shares of satellite TV companies Dish and
DirecTV surged in midday trading Wednesday after a report said that
Dish Chairman Charlie Ergen had contacted DirecTV CEO Mike White about
merging.
Bloomberg News reported Ergen initiated the discussion in
response to Comcast Corp.’s pending $45 billion acquisition of Time
Warner Cable Inc., which was announced last month. The news service
cited several unnamed sources.
Dish Network Corp. spokesman Bob
Toevs declined to comment. DirecTV spokesman Robert Mercer said the
company doesn’t comment on speculation.
Dish shares rose $4.67, or 8 percent, to $63.09, while DirecTV shares rose $4.88, or 6.7 percent, to
$78.05.
Dish is based in Englewood, Colo., and DirecTV is based in El Segundo, Calif.
Copyright 2014 The Associated Press. All rights
reserved. This material may not be published, broadcast, rewritten or
redistributed.

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