BRUSSELS -- News Corp.-controlled satellite TV firm DirecTV Group was cleared Tuesday by the European Union's antitrust authorities to sell a 50% stake in its Hughes Network Systems operation with private equity firm Apollo Management. HNS provides satellite communications and Internet services. DirecTV will take joint control with Apollo unit SkyTerra, which is paying $50 million plus 300,000 shares in the deal. DirecTV also said Tuesday that a U.S. district judge in California has awarded the company $21.7 million in damages in a piracy lawsuit. DirecTV had argued in its complaint that SD Logic Technologies and its proprietors, Scott and Ken Booth, manufactured and sold pirate access devices that enabled users to steal the company's satellite signals.
- 3/30/2005
- The Hollywood Reporter - Movie News
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