Despite rumors, AT&T not talking to EchoStar now - USATODAY.com
NEW YORK — AT&T's (T) stock price dropped 5% this week amid rumors that it is preparing to buy satellite TV company EchoStar (DISH), whose stock price surged 20% on the news.
The reality? AT&T isn't even talking to EchoStar now and has no interest in trying to broker a deal anytime soon, according to people familiar with the situation. The sources declined to be identified by name or affiliation because they are not authorized to speak publicly on behalf of the companies.
Read more.
NEW YORK — AT&T's (T) stock price dropped 5% this week amid rumors that it is preparing to buy satellite TV company EchoStar (DISH), whose stock price surged 20% on the news.
The reality? AT&T isn't even talking to EchoStar now and has no interest in trying to broker a deal anytime soon, according to people familiar with the situation. The sources declined to be identified by name or affiliation because they are not authorized to speak publicly on behalf of the companies.
Read more.