Advertisement
YOU ARE HERE: LAT HomeCollections

California and the West | IN BRIEF / ENTERTAINMENT

DirecTV denies merger talks with rival EchoStar

January 11, 2007|From Bloomberg News

DirecTV Group Inc. isn't talking about a possible merger with smaller rival EchoStar Communications Corp.

"Let me be clear on where we are today -- there aren't any discussions," DirecTV Chief Executive Charles "Chase" Carey said at an analyst conference in Las Vegas.

DirecTV's shares would be worth about $25 each if the company merged with EchoStar, Barron's magazine said Dec. 2, citing Templeton Investments analyst Matthew Nagle.

Shares of El Segundo-based DirecTV fell 14 cents to $24.

Advertisement
Los Angeles Times Articles
|
|
|