Deals
Dish’s TerreStar Deal Said to Proceed as Auction Canceled
This article is for subscribers only.
Dish Network Corp.’s $1.38 billion deal for TerreStar Networks Inc. is set to go to court for approval after no competing bids were made for TerreStar, a person familiar with the matter said.
TerreStar plans to proceed with the Dish deal after no rival bids were made by a 5 p.m. deadline yesterday, said a person with direct knowledge of the matter who didn’t want to be identified because it isn’t public.