TITLE

Liberty Media completes DirecTV deal

PUB. DATE
April 2008
SOURCE
CED;Apr2008, Vol. 34 Issue 4, p10
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that Liberty Media Corp. completed its deal with News Corp. in February for a controlling interest in DirecTV. The deal was signed after the regulatory approval from the Justice Department and the Federal Communications Commission (FCC). The $12-billion deal was first announced in 2006. Under terms of the deal, Liberty Media gave up its 16 percent ownership of stock in Rupert Murdoch's News Corp. in return for News Corp.'s 39 percent stake in DirecTV.
ACCESSION #
31534379

 

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