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Europe Daily Bulletin No. 8442

12 April 2003
Contents Publication in full By article 42 / 49
ECONOMIC INTERPENETRATION / (eu) telecommunications

NEWSCORP, the group belonging to business man Rupert Murdoch has acquired for USD 6.6 bn in cash and 34% of the shares of HUGHES ELECTRONICS, the subsidiary of GM - GENERAL MOTORS, which controls DIRECTV, the main television satellite company in the US, with around 11 millions subscribers. DIRECTV will be integrated into FOX ENTERTAINMENT HOLDING, the US holding of NEWS CORP. The deal will be carried out in two stages. NEWSCORP will first acquire 20% of the capital from GM then 14% of...

Contents

A LOOK BEHIND THE NEWS
THE DAY IN POLITICS
GENERAL NEWS
ECONOMIC INTERPENETRATION