News Corp withdraws Hughes/DirecTV offer
News Corp has formally pulled out of the race to buy US satellite pay-TV giant DirecTV, leaving Echostar Communications as the only other likely bidder. "We have no option but to withdraw immediately our fully negotiated and financed proposal,'' said chief executive Rupert Murdoch in a statement.
Continue reading – simply subscribe below
Screen International Subscribers:
Not a Screen International subscriber?
Find out more about all the benefits of a subscription to Screen International.