News Corp says the pending sale of Fox Family cable channels to Walt Disney has "zero implications" for its talks to buy DirecTV.
Shares in News Corp jumped three percent Monday, as fund managers continued to speculate that media mogul Rupert Murdoch could take control of US satellite television provider DirecTV.
Industry sources say Rupert Murdoch's News Corp. is close to a deal to take control of the largest US satellite television provider DirecTV and create a US$70 billion global network.
Rupert Murdoch's News Corp, the world's fifth-largest media conglomerate, has denied that talks with US direct satellite television broadcaster EchoStar Communications have failed.
News Corp's efforts to take control of DirecTV have been bouyed with the departure of Hughes Electronics Chairman Michael Smith. But the deal could still be derailed by rival suitor EchoStar.
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