We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon
Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
I understand that an article in the WSJ this week (I didn't read it) indicated that a decision on the sale would be made this weekend. I'm skeptical given the length of time this has been going on. We'll see.
...The day the deal was announced, Scott C. Cleland, chief executive of the Precursor Group, an independent research firm in Washington, estimated that there was about a one in three chance that the merger would go through.
"Now, I think that there is less than a one-in-three chance," Mr. Cleland said yesterday. "This is not a close call. It's over the line of almost any traditional antitrust analysis."
So far, the few parties speaking out in favor of the merger are EchoStar and DirecTV's corporate parent, Hughes Electronics.... nytimes.com
Now you know why Murdoch stopped bidding. The deal is toast.
btw, this can't help:
....Helping spread EchoStar's view is David Boies, the lawyer who argued the government's case against Microsoft (news/quote) and the Gore campaign's losing cause in the 2000 presidential election ballot dispute in Florida. EchoStar has also hired at least two former deputy chiefs of staff from the Clinton White House, Maria Echaveste and Steve Ricchetti....
Like I mentioned in the email, I think Murdoch will make quick work of DISH. He controls too much content. If Disney hates DISH, that also helps end DISH. It will be difficult going after Murdoch because there are too many ways to disguise the attacks.
It's a shame we lost all the other satellite players back in the early 90's recession (thanks AG). Each recession brings more consolidation.