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.
News Corp. is in talks to buy a stake in an unnamed search engine as part of its plan to create a major portal and expand on the Internet, chief executive Rupert Murdoch said this week.
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.
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.
Rupert Murdoch has told investors at a US conference that News Corp is too small to fight Microsoft for Yahoo.
History of British PCs
The cash-strapped UK National Museum of Computing is home to an exhibition of the evolution of British PCs.… Watch it now
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