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Murdoch sees year-end sign off on DirecTV

Discussion in 'DIRECTV General Discussion' started by John Corn, Aug 22, 2003.

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  1. John Corn

    John Corn Hall Of Fame

    Mar 21, 2002
    NEW YORK, Aug 13 (Reuters) - News Corp. <NCP.AX> on Wednesday said it expects to gain regulatory approval for its $6.6 billion acquisition of satellite television company DirecTV by the end of this year.

    "We're pleased with the progress to date," said Rupert Murdoch, News Corp.'s (nyse: NWS - news - people) chairman, on a conference call with analysts. "We remain hopeful the transaction will receive necessary approvals by the end of the calendar year."

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