Venezuela

Digital satellite television service provider DirecTV Inc. said on Tuesday it bought the Latin American broadcast rights to the World Cup soccer competition in 2002 and 2006 in a deal valued at $400 million.

Latin American pay-TV sports network PSN is to broadcast more than 100 matches from two of the region?s soccer tournaments ? the Copa Mercosur and the Copa Merconorte.

FIFA president Joseph Blatter praised a successful Copa America on Friday even though chaotic organisation caused most countries to send reserve teams and favourites Argentina to pull out altogether.

Television distributor Venevision International has been chosen by satellite broadcaster DirecTV to sub-license the rights to the 2002 soccer World Cup in a number of Latin American nations.

Jahangir Khan, the record 10-times British Open Squash Champion from Pakistan,has been elected a Vice President of the World Squash Federation (WSF).

Hicks, Muse, Tate & Furst Inc has formed a strategic alliance with Spain's Telefonica S.A. in a deal worth about $4billion which should allow Hicks, Muse to further expand its cable television assets in Latin America.

Reebok has won an important trademark legal battle in South America.

Colombia will host next month's Copa America as planned despite a recent spate of bombings there, according to South American Football Confederation (CSF) officials.