DirecTV to acquire EchoStar’s video distribution business including Dish TV and Sling TV
- •Hey everyone, just caught this breaking news and wanted to share before the market opens more fully.
- •You can read the full article here .
- •My first thought was, *wow*, that's a consolidation move if I've ever seen one.
Hey everyone, just caught this breaking news and wanted to share before the market opens more fully. DirecTV is apparently acquiring EchoStar's video distribution business, which means Dish TV and Sling TV are going to be under the same roof as DirecTV. You can read the full article here.
My first thought was, wow, that's a consolidation move if I've ever seen one. Remember back in the day when the satellite wars were a huge thing? This feels like the final chapter for that era. For my own portfolio, I've always stayed away from these legacy TV providers, seeing the writing on the wall with streaming taking over. But you gotta wonder if this play by DirecTV is a desperate attempt to find some synergy and stay relevant, or if there's a real long-term strategy here. They're basically buying their competition to... what, stop the bleeding together? I'm picturing my dad, who still stubbornly holds onto his cable package, having even fewer choices down the line, although he'd probably argue it makes things simpler.
I'm curious to hear what you all think about this. Is this a shrewd move, or just rearranging deck chairs on the Titanic? Does anyone here have any exposure to either of these companies, perhaps through some more diversified funds? And for those of us investing for retirement, does this kind of industry consolidation signal anything broader we should be watching out for? Let's discuss!