US satellite-transmitted pay-TV company EchoStar is to buy Sling Media, developer of the Slingbox family of TV-over-the-net gadgets. The deal's worth $380m, to be paid in a mix of cash and EchoStar stock.
EchoStar has invested in Sling Media in the past, so it's had a solid insight into the privately held company's evolution over the last two years. It's undoubtedly keen on Sling's hardware - which not only makes it easy to stream content from EchoStar's Dish Network service to remote locations but also around the home - but we suspect it's Sling's clip sharing technology that particularly engaged EchoStar's interest.

Lets hope that it means a larger product line and maybe a satbox that will do sling straight up...