And For His Next Trick...

Can Carl Icahn force GM to sell Hughes Electronics?

It isn't a show you'll pick up on any satellite dish. But for General Motors Corp., the latest drama stars longtime corporate raider Carl Icahn and a cast that includes News Corp.'s Rupert Murdoch, and maybe even Walt Disney Co. Chairman Michael D. Eisner. Icahn, fresh from pocketing a $600 million profit after forcing Nabisco Group Holdings to sell off its food unit, told GM executives on Aug. 16 that he was seeking to buy as much as 15% of the troubled auto maker. Icahn's aim: to force GM to sell off Hughes Electronics Corp., its fast-growing satellite TV unit.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.