Tuesday, 1. April 2003

Topic: TV - on April 1, 2003 at 8:33:07 PM CEST

EU to Seal Murdoch's Italian TV Deal on Wednesday

Rupert Murdoch's five month wait for the European Commission to allow News Corp. to buy Italian pay-TV firm Telepiu from Vivendi Universal is expected to end on Wednesday.

The Commission is expected to allow the 900 million euro ($981 million) acquisition, in which Telecom Italia also has a 20 percent stake, but in a limited form of the original proposal, according to EU diplomatic sources.

¬> Reuters

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