EchoStar is acquiring Sling Media in a cash-and-options transaction valued at approximately $380 million. The deal was announced earlier tonight. The deal is subject to the usual closing conditions; it is expected to close in the fourth quarter. More on paidContent.org here.

Sling has made a bunch of moves in mobile, especially in Europe, and has tied up with 3, among others, to offer mobile video placeshifting.