1. Most Discussed
  2. Gainers & Losers

sbc said to eye hughes purchase (sbc, gmh) by jeff

  1. 5:09PM SBC said to eye Hughes purchase (SBC, GMH) by Jeffry Bartash
    SBC Communications (SBC) reportedly has entered into talks concerning the potential acquisition of Hughes Electronics (GMH), the satellite operator owned by General Motors (GMH). The New York Times reported late Friday that SBC might be willing to pay more than $10 billion, a move that could undercut attempts by News Corp. to obtain DirecTV. GM had agreed to sell Hughes to satellite-TV rival EchoStar Communications, but U.S. regulators blocked the deal on antitrust grounds. News Corp., owned by Rupert Murdoch, has been trying to acquire satellite-TV operations in the U.S. for several years. News Corp. also owns the Fox network as well as satellite assets overseas.


    cheers

DISCLAIMER:
Before making any financial decisions based on what you read, always consult an advisor or expert.

The HotCopper website is operated by Report Card Pty Ltd. Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.

From time to time comments aimed at manipulating other investors may appear on these forums. Posters may post overly optimistic or pessimistic comments on particular stocks, in an attempt to influence other investors. It is not possible for management to moderate all posts so some misleading and inaccurate posts may still appear on these forums. If you do have serious concerns with a post or posts you should report a Terms of Use Violation (TOU) on the link above. Unless specifically stated persons posting on this site are NOT investment advisors and do NOT hold the necessary licence, or have any formal training, to give investment advice.

Top