EchoStar snaps up Slingbox creator

25 09 2007

The Krikorian clan must be rubbing their hands with glee, having closed a deal with U.S. DBS operator EchoStar, which sees Sling Media acquired by the latter in a cash and options deal valuing it at US $380 million.

The privately-held company, founded in 2005 by brothers Blake and Jason Krikorian, brought the Slingbox to market, a placeshifting device capable to streaming TV signals from virtually any kind of device in the home to anywhere else with broadband connectivity.