EchoStar and AT&T reported potential merger talks, leading to stock price increases.

EchoStar, parent of Dish Network, and AT&T, owner of DirecTV, saw their stock prices rise on Monday amid reports of potential merger talks. EchoStar's shares increased by over 7%, while AT&T's rose more than 2%. Analysts warn that the merger could significantly impact the satellite TV sector, predicting a loss of up to 6 million subscribers for both companies by the end of 2024.

September 16, 2024
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