DirecTV Venezuela Office Closed

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DirecTV Group Inc.’s headquarters in Venezuela will be forced to close for two days as the government penalizes the satellite TV provider for allegedly violating tax rules, according to Bloomberg News.


The El Segundo-based company, the largest satellite TV provider in the U.S., operates subsidiary Galaxy Entertainment de Venezuela CA. Venezuela’s tax agency said it found flaws in the company’s books, but gave no other details, Bloomberg said.


Shares in DirecTV closed up 5 cents to $22.71 in afternoon trading Wednesday on the New York Stock Exchange.

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