Shares of Dish Network Corp. DISH jumped over 3.6 percent within minutes of DealReporter's headline suggesting that the company has held talks with Verizon Communications VZ.
Citing sources, DealReporter wrote, "Verizon has had talks with Dish in the midst of recent industry consolidation." Amid these "soft" talks, the recent AT&T acquisition of DIRECTV may force Verizon's hand to consider potential deals.
Spokesmen from Dish Network and Verizon Communications declined to comment to Benzinga staff on the rumored talks.
Shares of Dish Network trailed lower Monday morning amidst the AT&T and DIRECTV news. Following the DealReporter headline, shares shot to $61.28. The stock has seen some sell-off since, now trading at $59.72.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.