Echostar, the tech company that brought us Dish Network, announced today that it is acquiring Sling Media, the company behind Slingbox, the gimcrack that allows wireless streaming of video from TVs, DVRs and VHS players to computers.
The transaction values Sling Media at around $380 Million bucks. With that kind of money, you could buy like 15 cheeseburgers!
“We are psyched to make this announcement. We have worked closely with EchoStar for more than two years, and have come to realize that both companies have similar entrepreneurial cultures and mutual dedication and passion for creating empowering experiences that benefit the consumer and the media industry,” said Blake Krikorian, co-founder, chairman and CEO of Sling Media in a release. “By combining strategies, resources and technologies with EchoStar, Sling Media will be able to rapidly expand our open multi-platform product offerings, not only for DISH Network subscribers, but for digital media enthusiasts around the globe.”