Dish Network announced today that it has acquired the leading mobile video content provider, Livestreaming Network, which is a leading provider of live TV and content across mobile platforms, and has committed to acquire the remaining 10% of Livestrong.
In addition to Livestong, Dish Network will continue to own and operate its own online and mobile TV and radio networks and continue to operate its cable television and satellite TV service, DishNetwork.com.
The deal will help the Dish Network company to grow its video programming portfolio in new areas including sports, entertainment, and consumer video, and will also give Dish Network a significant presence in the marketplace for Livestocking and Livestocked Network related products and services.
Dish Network CEO Charlie Ergen, said: “Dish Network is proud to be an early entrant into the Livestring marketplace, and we are excited to be working with Livestry Network to deliver the best experience for our customers.
As Dish Network grows its video footprint in new markets, we are committed to delivering a seamless and efficient digital video service that delivers the content our customers want.”
Dish Networks video and live content, including ESPN, is streamed on the Dish network, which provides TV, broadband, and wireless internet services.
The company is committed to expanding its digital footprint in the future.
For more information, please visit http://www.dish.com/investing/investor/news-and-updates/investment-notes/dish-network-s-dishnetwork-companies-investors-blog/ The Dish Network stock is up more than 20% over the last two months and is currently trading at $22.26 per share.
The stock is expected to close the trading session on Monday at $24.95.
Investors should keep an eye on Dish Network during the trading sessions as investors may be offered some upside in the event that the deal is completed.
The deal is expected close by the end of the week.
Shares of Dish Network are up over 50% from their IPO price of $16.40 per share on November 27, 2016.