Tuesday, September 25, 2007

Slingbox Sold

Echostar will buy Sling Media, creator of the Slingbox media portability device, for $380 million in cash and options, reports the Hollywood Reporter. Echostar was previously an investor. The deal, and Echostar CEO's comments, signal that Echostar is diversifying beyond satellite into other platforms, such as Internet and mobile.

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