Rupert Murdoch's News Corp., DirecTV Sued Over Latin American Deal

[StlMo]

News Corp., DirecTV Sued Over Latin American Deal


NEW YORK (Reuters) - An affiliate of a Venezuelan media conglomerate is suing to block a deal by News Corp. and DirecTV Group to restructure their satellite television properties in Latin America.

The suit, filed by Darlene Investments in a Florida court on Monday, alleges that the deals lined News Corp. Chairman Rupert Murdoch's pocket at the expense of other investors.

...

The investment group is seeking more than $1 billion in damages for "fraud committed by News Corp. and DirecTV prior to the transactions," it said in a statement.

The suit stems from a series of deals that helped simplify and reduce News Corp.'s exposure in a volatile economic region and created satellite television monopolies across Latin American markets.

...

http://www.reuters.com/newsArticle.jhtml?type=industryNews&storyID=6547934

[jakenjoe]

1. Murdoch is pure scum. I hope this suit sock it to him!!

You just don't know the half of what his company has done to the media in America.

[StlMo]

2. Welcome to DU, jakenjoe!

:hi:

You're right.
Murdoch is scum.