Liberty Media, EchoStar Eye Intelsat Bid

NEW YORK, June 14: Liberty Media Corporation and EchoStar
Communications Corp. are said to be preparing a joint offer for
satellite-communications provider Intelsat, according to The Wall Street
Journal.

Intelsat is accepting final bids for its sale today and
could fetch more than $5.5 billion, the report notes. The pairing represents a
surprising one for the two companies—Liberty Media is in the process of
acquiring EchoStar’s only competitor in the DTH satellite platform space,
DIRECTV.