Dish To Spend $1 Billion On Bankrupt Satellite Company

Have you ever seen something so cool you’d spend a billion dollars on it? Dish Network has, so it’s pulling a $1 billion bill out of its wallet to buy DBSD North America Inc., which has filed for Chapter 11 bankruptcy.

Dish announced the big-spender move in a press release. The sale, which is pending approval by the FCC, would give Dish control of DBSD’s work on a system that ties together satellite and ground-based wireless and internet antenna communication services. The acquisition could allow Dish to offer bundles to better compete with cable. Dish originally invested $45 million in DBSD back in 2009.

Would such a bundle make a Dish subscription more attractive to you?

DISH Network to Purchase DBSD, Developer of U.S. Hybrid Communications System [Dish Network via Engadget]