GM’s stock rose $5.25 to $87 in trading the New York Stock Exchange, where shares of Hughes rose 9 percent, or by $11.4375, to $135.875. News Corp. fell $1.75 to $61.4375.

Earlier this year, Hughes sold its satellite manufacturing business to Boeing in order to focus on its fast-growing DirecTV wireless television service and new Internet ventures.

“The logistics are quite difficult, and it certainly wouldn’t be done without a fight,” said Nicholas Lobaccaro, an analyst with Lehman Brothers.

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posted by Administrator at 5:31 am & filed under Dish Network |