3 Tech Stock Stories Making Waves During a Busy Earnings Week
DISH Network Corp. (NASDAQ:DISH): Closing price $45.38
On Tuesday, a group of LightSquared’s lenders filed a reorganization plan in bankruptcy court, which should be conducive to Dish Network Chairman Charlie Ergen’s $2.2 billion bid for control of the firm’s spectrum holdings. Dow Jones Newswires reports that the Ergen-led group said the offer would fund in full LightSquared’s $1.7 billion in bank debt. Last week, the latter lost control of its own bankruptcy reorganization plan, and said it expected multiple proposals to reorganize the firm. The new proposal is intended only for LightSquared LP’s assets, which include 46 megahertz of L-Band MSS spectrum.