{"id":84714,"date":"2011-06-10T18:49:12","date_gmt":"2011-06-10T10:49:12","guid":{"rendered":"https:\/\/wp-productionenv-bjg9h2g2bgg5b8aa.southeastasia-01.azurewebsites.net\/news\/echostar-completes-hughes-acquisition\/"},"modified":"2011-06-10T18:49:12","modified_gmt":"2011-06-10T10:49:12","slug":"echostar-completes-hughes-acquisition","status":"publish","type":"post","link":"https:\/\/starpath.global\/news\/echostar-completes-hughes-acquisition\/","title":{"rendered":"EchoStar Completes Hughes Acquisition"},"content":{"rendered":"<p>[06-10-11] <b>EchoStar Corp<\/b>. successfully completed its acquisition of <b>Hughes Communications<\/b> and will now combine the companies to create a single entity providing satellite-based digital video and broadband technologies and services, EchoStar announced June 9.<br \/>\n&nbsp;&nbsp;&nbsp; The terms of the acquisition, initially announced in February, will see Hughes shareholders receive $60.70 per share without interest \u2014 a premium increase of 31 percent from Hughes\u2019 unaffected closing share price of $46.43 in January 2011. EchoStar is funding the acquisition through its recent placement of $1.1 billion of senior secured notes and $900 million of senior unsecured notes.<br \/>\n&nbsp;&nbsp;&nbsp; \u201cWe also want to express our appreciation for the [U.S. Federal Communication Commission\u2019s] thorough but expeditious review process, approving the merger less than 82 days after public notice,\u201d EchoStar CEO Michael Dugan said in a statement. \u201cThis strategic combination will significantly expand our know-how to develop exciting new video and data products and solutions, opening up global market opportunities that leverage our leadership in the delivery of innovative video and broadband data services.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[06-10-11] EchoStar Corp. successfully completed its acquisition of Hughes Communications and will now combine the companies to create a single entity providing satellite-based digital video and broadband technologies and services, EchoStar announced June 9. &nbsp;&nbsp;&nbsp; The terms of the acquisition, initially announced in February, will see Hughes shareholders receive $60.70 per share without interest \u2014 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"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-84714","post","type-post","status-publish","format-standard","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/84714"}],"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=84714"}],"version-history":[{"count":0,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/84714\/revisions"}],"wp:attachment":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media?parent=84714"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/categories?post=84714"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/tags?post=84714"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}