Murdoch tries to sweeten bid for DirecTV
Article Abstract:
News Corp CEO Rupert Murdoch is trying to make his cash and stock bid for DirecTV more enticing by raising $8 billion. Murdoch has hired Chase Manhattan Bank to help get the funds. Microsoft is said to be willing to invest as much as $5 billion while Liberty Media's John Malone is willing to provide another $500 million. Murdoch's determination to buy DirecTV is prompted by his desire to add DirecTV's 9 million US subscribers to his satellite assets that cover much of Europe, Latin America and Asia.
Publication Name: USA Today
Subject: News, opinion and commentary
ISSN: 0734-7456
Year: 2000
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Murdoch downplays importance of hookup with DirecTV
Article Abstract:
News Corp CEO Rupert Murdoch's negotiations to take control of DirecTV are moving slowly due to due diligence. Murdoch's claim is a change from earlier reports that he is close to an agreement to merge his Sky Global unit with DirecTV's parent, General Motors' Hughes Electronics. However, he reaffirmed his faith in the ability of satellite broadcasting to compete with cable. The merged company would have a value of approximately $70 billion.
Publication Name: USA Today
Subject: News, opinion and commentary
ISSN: 0734-7456
Year: 2001
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Battle for DirecTV to get hotter
Article Abstract:
EchoStar CEO Charlie Ergen prepares to make an offer for DirecTV, the USA's leading satellite broadcaster. Ergen is expected to go to Detroit, MI, to present a detailed plan to executives from General Motors (GM) and its Hughes Electronics subsidiary, which owns DirecTV. He does not have much time, though, since GM is about to wrap up its due diligence investigation into News Corp CEO Rupert Murdoch's offer.
Publication Name: USA Today
Subject: News, opinion and commentary
ISSN: 0734-7456
Year: 2001
User Contributions:
Comment about this article or add new information about this topic:
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