Looking to help offset a portion of the more than $19 billion in under-funded pension liabilities, General Motors Corp. agrees to sell its stake in Hughes Electronics Corp. to News Corp. for $6.6 billion. The deal calls for GM to receive about $3.8 billion for the 19.9% of Hughes it owns directly, with News Corp. agreeing to pay $3.1 billion of that in cash. The remainder will be paid for in News Corp. preferred stock. News Corp. also agrees to acquire an additional 14.1% stake in Hughes ...
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