While EchoStar and DirecTV hope to complete a deal by Monday, no deal is assured, and the talks may still fall apart.

Shares of Dish Network parent EchoStar surged 11% on heavy trading volume Friday on reports of an imminent merger between Dish and satellite TV rival DirecTV.

Shares of EchoStar soared Friday on a report that its Dish is in advanced talks to be acquired by satellite-TV rival DirecTV.

DirecTV and Dish Network -- two longtime rivals that have explored joining up at various times for decades -- may be headed to the altar.

Shares of Dish Network parent EchoStar jumped over 11% during Friday’s trading session following reports that the satellite TV giant has entered into advanced talks with DirecTV that could see the two companies combine to form the largest pay TV giant with around 20 million subscribers.