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The Department of Justice said Thursday that it has filed suit to block EchoStar Communications' $16.9 billion acquisition of DirecTV, which is a unit of Hughes Electronics Corp. The DOJ said a recently proposed remedy by EchoStar, which would establish Cablevision Systems Corp. as a new competitor in the direct broadcast satellite market, would not replace competition lost from the merger.
November 01, 2002 at 12:00 AM
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The original version of this story was published on Law.Com
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