Hughes Electronics Rises on Offer

By TSC Staff ,

Satellite TV company Hughes Electronics (GMH) , a subsidiary of GM (GM) - Get Report, was up 5% in early trading after published reports that rival EchoStar (DISH) - Get Report is offering $5.5 billion and $6 billion cash for the company.

The amount is comparable to a previous offer from

News Corp.

(NWS) - Get Report

.

EchoStar was up 1.9%, and News Corp. was down 1%.

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