DISH Network Corporation (NasdaqGS:DISH) executed an agreement to acquire EchoStar Technologies L.L.C. and Echostar's Investments in joint ventures, spectrum licenses and certain other real estate properties from EchoStar Corporation (NasdaqGS:SATS) on January 31, 2017. EchoStar Corporation will exchange the businesses for Hughes Retail Group (HRG) tracking stock. The transaction is expected to close during the first quarter of 2017, subject to satisfaction or waiver of closing conditions.

Sullivan & Cromwell LLP acted as legal advisor to DISH Network Corporation. Scott D. Miller ,Scott B. Crofton ,Polina A. Demina,Jason W. Schnier ,Ronald E. Creamer Jr ,Jonathan M. Rhein,Nader A. Mousavi ,RuiHui Yu,Jacob W. Berdine,Matthew J. Rosenberg ,Rebecca S. Coccaro and Kelsey A. Baldwin of Sullivan & Cromwell LLP acted as legal advisors to DISH Network Corporation. Deutsche Bank acted as financial advisor to EchoStar.