Liberty Media completes DirecTV deal

April 2008
CED;Apr2008, Vol. 34 Issue 4, p10
Trade Publication
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.


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