ncp finalises directv deal , page-2

re: ncp deal is now official I hope you guys all held your calls. I did.



NEW YORK, April 9 (Reuters) - News Corp.
said on Wednesday it struck a deal to take control of DirecTV
for about $6.6 billion, giving media mogul Rupert Murdoch his
long-sought foothold in the U.S. satellite television market.

Under the terms of the deal, News Corp. said it would buy
General Motors Corp.'s 19.9 percent stake in Hughes
Electronics Corp. , the corporate parent of DirecTV.

News Corp. said it would pay about $14 per Hughes share --
a 22 percent premium over Hughes' $11.48 closing price on
Wednesday -- and offer to buy another 14 percent for the same
price from the company's public shareholders.