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Dish Network (DISH -1.5%) receives court approval to acquire bankrupt Terrestar Networks for...
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Friday, July 8, 2011, 10:25 AM ETDish Network (DISH -1.5%) receives court approval to acquire bankrupt Terrestar Networks for $1.4B, adding to earlier bankruptcy acquisitions of DBSD for $1.4B and Blockbuster for $321M. The firm appears to be taking dead aim at Netflix (NFLX -0.9%) with its buying spree, and a jump into the rent-by-mail business.
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