EchoStar's stock price has dropped 24% in the last month, and that has re-ignited reports AT&T may bid to acquire the satellite TV firm before the end of this year. Barron's reported EchoStar's stock price in the past has been a hurdle to AT&T's offer, but the recent price drop now has AT&T officials scrambling to put together its bid. Of course, the latest reports undoubtedly will fuel a rise in EchoStar's stock.
Meanwhile, AT&T has acquired pay-per-call company Ingenio.
For more:
- here's the Barron's story (Sub. req.)
- read a free story at MarketWatch
- see this MarketWatch brief on the Ingenio buy
Related articles:
- AT&T/EchoStar speculation was hot two months ago