Both sides of the contest for Hughes Communications were bracing for a
weekend meeting of General Motors' board, expecting a decision on the sale of
the DirecTV parent.
GM's board was slated to meet Saturday to discuss the dueling proposals from
News Corp. and rival EchoStar Corp.
Charlie Ergen, EchoStar chairman, was expected to raise his $30 billion offer
yet again before the meeting.
News Corp. wants to engineer a stock swap with its Sky Global unit in which
Hughes' current shareholders would own a 76% stake.
Negotiations started in February 2000.