Finance / United States
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Liberty Trades For Control Of DirectTV
February 2008 | M&A News AlertSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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Liberty Media has gained control of DirectTV Group in an asset swap with Rupert Murdoch's News Corporation. The deal, worth around US$11bn, was an exchange of Liberty's 16% stake in News Corp for its 41% stake in DirectTV, three regional cable networks and US$625mn. Approved by the Federal Communications Commission on February 26, the deal has been years in the