Dish's Charlie Ergen to control LightSquared in new deal

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  1. Athlon646464

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    Dish's Charlie Ergen to control LightSquared in new deal

    (denverpost.com) - NEW YORK — The deal, reached Friday as a result of mediation with U.S. Bankruptcy Judge Robert Drain, would give Ergen 60 percent of the new equity in the restructured LightSquared plus $1 billion in new junior debt. JPMorgan Chase & Co., one of LightSquared's lenders, would receive a total of 31.9 percent of the equity in exchange for $189 million in funding....

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