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Hughes completes acquisition of Primestar

Hughes Electronics Corp. completed the acquisition of the Primestar medium-power direct broadcast satellite (DBS) business for $1.1 billion in cash and 4.9 million shares of General Motors common stock, Hughes reported yesterday.

The deal gives Hughes' DirecTV about 4.8 million subscribers, making it the third-largest multichannel video distributor in the U.S., Hughes said.


 

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As a subscriber to one of Aviation Week Network’s market briefings, your searches only provide you with access to articles from within that product.

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As a subscriber to one of Aviation Week Network’s market briefings, your searches only provide you with access to articles from within that product.

To find out about obtaining additional data – including the most comprehensive details on organizations, fleets, personnel and programs – click here or call +1.561.279.4661.


 

As a subscriber to one of Aviation Week Network’s market briefings, your searches only provide you with access to articles from within that product.

To find out about obtaining additional data – including the most comprehensive details on organizations, fleets, personnel and programs – click here or call +1.561.279.4661.