Liberty Media, Echostar to Bid for Intelsat: WSJ
Liberty Media and EchoStar Communications are preparing a joint offer for satellite-communications provider Intelsat, The Wall Street Journal's online edition said on Thursday.
Intelsat, which is accepting final bids for its auction on Thursday, could fetch more than $5.5 billion, the Journal said.
The pairing represents a bold cooperation between satellite-TV broadcaster EchoStar and media holding company Liberty , the Journal said. Liberty is slated to take control of competing satellite-broadcaster DirecTV Group . But the two could decide against a formal bid, it added.
Neither Liberty Media not Echostar immediately returned calls seeking comment.