Murdoch close to $6.8 bln deal for Hughes-sources

Newswire

By Jeffrey Goldfarb and Tom Johnson

NEW YORK, April 8 (Reuters) - Rupert Murdoch is poised to finally crack the U.S. satellite television market with a deal to acquire a controlling stake in Hughes Electronics Corp. and its industry-leading DirecTV business for about $6.8 billion, according to people close to the situation.

The two sides were negotiating final details late Tuesday night and an announcement could be made as early as Wednesday, these people added. However, ...

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