EchoStar Buying Sling

EchoStar Communications Corp. (Nasdaq: DISH) has agreed to acquire Sling Media Inc., which makes the Slingbox device that allows people to watch their home television signals via PCs and various handheld devices. The deal is valued at approximately $380 million in cash and EchoStar options.

 

Sling has raised around $57 million in VC funding since 2004, from firms like DCM, Mobius Venture Capital, Allen & Co., Goldman Sachs, Hearst Corp., Liberty Media Group and Hercules Growth Capital. www.echostar.com www.slingmedia.com