Its Feb and everyone is saying they are coming but name departments please. Morrows kickoff meeting was this week.
I had a reliable source tell me something big is about to be announced but wouldnt say. has to do with us being sold, buying, or going public is all they said.
@156 Dish is a sinking ship. Echostar is the best shape its ever been. They are heavily invested in Space X and their stock went from $14 in August to $130. They paid off all their debt and are rolling in it. They said when Space X goes public Echostar will be worth 10x what it is now.
Even if it goes public, it’s a sinking ship along with Dish, Echostar and the like. That business model is no longer profitable or sustainable in the current environment where there are more attractive options for consumers and investors.
@126 people can download me all they want, but I’ve been with the company a very long time and I have many connections that sit in meetings with Bill
The company is financially doing very well. TPG has been looking for someone to buy part of us for a while just because that’s what private equity does. It doesn’t mean they don’t like the investment. Most people don’t even know that we had five years to pay AT&T and we paid it off in 15 months.
The general consensus is that Dish Network will buy half of us and the new company will be public or just go under Dish Network stock name, which would probably be separate from their echo star
I was in a meeting and from his own mouth Bill told us he was brought on to make us public. By going public that means you have a stock price and it’s a different set of rules that you have to disclose all your financial information since you have shareholders.
DIRECTV is private so we don’t have to tell anybody anything.
What do you mean by, ‘going public’?
@vx Echostar(DISH) is flush with cash now they are in bed with Space X. They are now a 50B market cap and i could see them buying us in a minute. Charlie has always wanted DIRECTV.
@vx anything online? That is what im hearing
Lots of rumors the DISH deal is back on the table, but could be DISH buying Directv. A lot of execs have equity units that materialize if the company is sold.
Some layoffs happened two weeks ago in small numbers, not big ones….yet.
@ds its TPG who owns us. Potential sale would involve Echostar owning 50.1% and TPG will agree to that so long as our “leadership team” leads the joint venture. Sounds like DISH side agrees.
But our leadership are older and unlikely to stay too long. Bill indicated some people would be grandfathered in to work from home while some may have to go into the office more than they have been. The merger would take a while to be approved and once it does it would take a few years to bring together. If it doesn’t work out, TPG will begin the process of selling off slowly and eventually we would be public. TPG likes to hold for 5-7 years. They bought in August 2021
@bz yes morrow discussed to our team last year that the goal is to go public within 3 years.
Despite what people say we are very profitable for TWG, that’s why they wanted 100% of us. Private equity isn’t known for buying companies that lose money. It just means they are cutting for more to make more for the executives
Dish buying us is very real. Echostar, their parent company is worth 3x what we are after being part of space x
Yeah, right. This company isn’t worth anything. No one would be stupid enough to buy us. Going public? You’ve got to be kidding.