Friday, December 30, 2005

Rumor: AT&T to Buy EchoStar

The latest and greatest from the world of mergers and acquisitions rumors is that AT&T may be taking steps to buy EchoStar, best known of course for their Dish Network satellite TV service. No details yet on what the terms might be, but EchoStar is valued at around $12 billion right now.

This would really not be any great surprise. The whole world of entertainment and communications has been undergoing some massive consolidation over the last few years. If AT&T were to add video back into its mix again (uhh, didn't they sell out to Comcast a few years ago?) it would pretty much complete its resume as a full blown media and communications company.

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