Hughes Electronics completed its acquisition of United States Satellite Broadcasting (USSB), following shareholder approval of the $1.6 billion deal. Hughes will combine its DirecTV satellite broadcasting business with USSB's assets and businesses. The company said the deal will allow DirecTV, which claims more than 7 million subscribers, to expand its programming lineup to 210 channels.
Short Take: Hughes closes USSB acquisition
Hughes Electronics completed its acquisition of United States Satellite Broadcasting (USSB), following shareholder approval of the $1.6 billion deal. Hughes will combine its DirecTV satellite broadcasting business with USSB's assets and businesses. The company said the deal will allow DirecTV, which claims more than 7 million subscribers, to expand its programming lineup to 210 channels.
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