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Article: GM's Hughes Electronics to Merge with EchoStar Communications.
- Article from:
- PR Newswire
- Article date:
- October 29, 2001
CopyrightCOPYRIGHT 2001 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Stockholders and Consumers Benefit as Combined Hughes-EchoStar
Provides Meaningful Competitor to Cable TV Companies
NEW YORK, Oct. 28 /PRNewswire/ --
General Motors Corp. and its subsidiary Hughes Electronics (NYSE: GM, GMH) together with EchoStar Communications Corporation (Nasdaq: DISH), today announced the signing of definitive agreements that provide for the spin-off of Hughes from GM and the merger of Hughes with EchoStar.
The combined company would use the EchoStar name and adopt the DIRECTV brand for its services and related products. The merger would create the nation's second-largest pay television platform with more than ...