Dish To Pay $1B For DBSD North America

Dish Network will acquire satellite company, DBSD North America.

Dish Network will acquire satellite company, DBSD North America, The Wall Street Journal reports. The U.S. pay-tv provider will pay a total of about $1 billion for the acquisition.

The buyer will also provide a debtor-in-possession credit facility worth $87.5 million to DBSD, which is currently in bankruptcy. The transaction, which also includes interest accruing on DBSD’s debt, needs approval from the Federal Communications Commission.

Click here for the story The Wall Street Journal.

Click here for additional coverage from Reuters.