Dish's $1.4B Bid For TerreStar Wins Antitrust OK

Law360, New York (July 26, 2011, 6:56 PM ET) -- Dish Network Corp.'s nearly $1.4 billion offer for bankrupt TerreStar Network Inc. cleared another hurdle Monday when the Federal Trade Commission approved the deal after finding it passed antitrust muster.

The agency's decision to grant the companies an early exit from a federally mandated waiting period — during which the FTC determines whether the deal would hinder competition in the industry — brings the companies one step closer to closing the transaction.

Bankruptcy attorneys for TerreStar did not immediately reply to a request for comment, and...
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