Satellite Internet provider Hughes said up for sale
updated 05:40 am EST, Fri January 21, 2011
Shares surge 30 percent on the news
Satellite Internet provider Hughes is said to be up for sale, according to a report. The company, which is majority owned by private equity Apollo is said to have hired Barclays Capital to provide advice on a potential sale. Early bids have emerged from other interest private equity firms and competing satellite ISPs.
One of the largest satellite broadband providers in the world, the Maryland-based company has seen its shares surge up to 30 percent on the news. Among its managed network clients are a number of big corporate players including Wal-Mart, General Motors, and Best Buy.
Fresh-Faced Recruit
Joined: Mar 2006
Last Leg of the Plan
It would be the last piece for world domination.
They have an extra 59 Billion Dollars laying around.
Can buy a nice satellite media distribution system for a little under 10 Billion.
(Check Hughs, Direct TV, Iridium, Globalstar and defunct Teledesic deployment costs)
(For start see: http://www.dslreports.com/shownews/R...08?nocomment=1)
Suggesting Apple buy Orbital Sciences or SpaceX if they have not already done it.
Please give them my email address.