DirecTV denies merger talks with rival EchoStar
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From Bloomberg News
DirecTV Group Inc. isn’t talking about a possible merger with smaller rival EchoStar Communications Corp.
“Let me be clear on where we are today -- there aren’t any discussions,” DirecTV Chief Executive Charles “Chase” Carey said at an analyst conference in Las Vegas.
DirecTV’s shares would be worth about $25 each if the company merged with EchoStar, Barron’s magazine said Dec. 2, citing Templeton Investments analyst Matthew Nagle.
Shares of El Segundo-based DirecTV fell 14 cents to $24.
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