News Corp. Closes In on DirecTV Acquisition

Share this article:
News Corp. Ltd., the international media conglomerate, is reportedly close to a deal to take control of DirecTV.


General Motors, the parent company of DirecTV owner Hughes Electronics Corp., and News Corp. have scripted a deal in which Sky Global Networks, News Corp.'s digital business, would merge with Hughes, according to Reuters.


Under terms of the arrangement, News Corp. would take a 35 percent stake in the newly combined company. Rupert Murdoch, CEO of News Corp., would eventually head all operations at the merged entity and would become the company's largest shareholder.


Microsoft is looking to place a stake in the expected company with a $4 billion investment, making the software giant a significant minority investor in the venture. John Malone, chairman of Liberty Media, is also expected to invest an undisclosed amount in the venture.
Share this article:
close

Next Article in News

Sign up to our newsletters

Follow us on Twitter @dmnews

Latest Jobs:

More in News

News Byte: Comcast Expanding Global Ad Delivery Through Partnership

News Byte: Comcast Expanding Global Ad Delivery Through ...

Through a partnership with Adstream , Comcast's AdDelivery Service expands its footprint across the globe.

40 Under 40 2014: Nominations Are Now Open!

40 Under 40 2014: Nominations Are Now Open!

It's time to nominate the 2014 crop of young marketing luminaries for Direct Marketing News's 40 Under 40 Awards. The deadline is Friday, June 6, 2014.

News Byte: MediaCrossing Partners with ASL Marketing on Youth Marketing Tool

News Byte: MediaCrossing Partners with ASL Marketing on ...

The digital media trading firm and marketing database company aim to help marketers target 13 to 34 year olds.