Dish Says PE Firm That Owns Cox Tried To Dodge Contract
Law360 (January 17, 2020, 10:22 PM EST) -- Dish Network LLC accused private equity firm Apollo Global Management LLC of gaming the timing of its acquisition of Cox Media Group and another broadcaster so that Cox could renegotiate its contract with Dish at a higher rate.
In an Illinois state court suit filed Jan. 15, Dish said Apollo used "a façade of transactions" among several subsidiaries and affiliates in an attempt to position the private equity firm so that it could renegotiate the Cox contract two years before it would otherwise have expired.
According to Dish, Apollo used a subsidiary to acquire television station owner Northwest Broadcasting slightly before...
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