{"id":61662,"date":"2019-09-10T17:27:30","date_gmt":"2019-09-10T09:27:30","guid":{"rendered":"https:\/\/wp-productionenv-bjg9h2g2bgg5b8aa.southeastasia-01.azurewebsites.net\/news\/echostar-completes-merger-of-bss-business\/"},"modified":"2019-09-10T17:27:30","modified_gmt":"2019-09-10T09:27:30","slug":"echostar-completes-merger-of-bss-business","status":"publish","type":"post","link":"https:\/\/starpath.global\/news\/echostar-completes-merger-of-bss-business\/","title":{"rendered":"EchoStar Completes Merger of BSS Business"},"content":{"rendered":"<\/p>\n<p>EchoStar revealed the completion of its&nbsp;previously announced spin-off and subsequent merger with <strong>Dish Network<\/strong>&nbsp;of the portion of its business that manages, markets, and provides broadcast satellite services primarily to Dish, Dish Mexico, S. de R.L. de C.V. and their respective subsidiaries; and telemetry, tracking, and control services to satellites owned by Dish and a portion of EchoStar\u2019s other businesses, and certain related assets and business operations. The transaction was announced on May 20, and a record date of August 19 was announced on August 9. The transaction is structured in a manner intended to be tax-free to EchoStar and its stockholders.<\/p>\n<p>Mike Dugan, President and CEO of EchoStar said: \u201cThe conclusion of this transaction enables EchoStar to focus on the growing broadband market and other strategic opportunities.\u201d<\/p>\n<p>Under the previously disclosed terms of the transaction, each holder of shares of Class A or Class B common stock of EchoStar who was entitled to receive the consideration in the transaction received one share of common stock of EchoStar BSS Corporation (\u201cNewco\u201d), a wholly-owned subsidiary of EchoStar that owned and operated the BSS Business as of the closing, for each share of EchoStar Class A or Class B common stock (together, the \u201cEchoStar Common Stock\u201d) held by such holder (the \u201cDistribution\u201d). Immediately following the completion of the Distribution, BSS Merger Sub Inc., a direct wholly-owned subsidiary of DISH was merged with and into Newco (the \u201cMerger\u201d), with Newco continuing as a wholly-owned subsidiary of DISH.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>EchoStar revealed the completion of its&nbsp;previously announced spin-off and subsequent merger with Dish Network&nbsp;of the portion of its business that manages, markets, and provides broadcast satellite services primarily to Dish, Dish Mexico, S. de R.L. de C.V. and their respective subsidiaries; and telemetry, tracking, and control services to satellites owned by Dish and a portion [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":61663,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[],"class_list":["post-61662","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/61662"}],"collection":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/comments?post=61662"}],"version-history":[{"count":0,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/61662\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media\/61663"}],"wp:attachment":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media?parent=61662"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/categories?post=61662"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/tags?post=61662"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}