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Simpson Thacher Represents JPMorgan as Financial Advisor to the Special Committee of DISH Network Corporation in its Combination with EchoStar Corporation

08.14.23

The Firm is representing J.P. Morgan Securities LLC as financial advisor to DISH Network Corporation (NASDAQ: DISH) (“DISH”) in connection with its all-stock merger with EchoStar Corporation (NASDAQ: SATS) (“EchoStar”) valued at approximately $1.8 billion. Upon closing of the transaction, existing DISH shareholders will own approximately 69% and existing EchoStar shareholders will own approximately 31% of the common stock of the combined company. The majority shareholder group, which currently has approximately 90% and 93% of the combined voting power of DISH and EchoStar, respectively, has approved adoption of the merger agreement and the issuance of DISH common stock required for the transaction via written consent. Closing of the merger is subject to regulatory approvals and other customary closing conditions.

DISH is a connectivity company, providing television entertainment and technology and wireless phone services. EchoStar is a technology and networking services provider offering consumer, enterprise, operator and government solutions.

The Simpson Thacher team includes Eric Swedenburg, Jakob Rendtorff and Patrick Reed (M&A).