Technology

Echostar-DirecTV merger to be blocked?

The US Justice Department has recommended the government blocks Echostar's planned $18 billion purchase of DirectTV on competition grounds. If the deal is blocked it would be a huge boost to Rupert Murdoch's News Corporation which lost out to Echostar in the auction for DirectTV last year.

CBR Staff Writer September 24, 2002

News Corporation had planned to pool its worldwide satellite interests into separately listed company, Sky Global Networks, if it had won the auction for DirectTV last year.

However, even if the Echostar deal is blocked, General Motors could still thwart Murdoch’s plans by choosing to hold on to DirecTV until valuations improve.

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