Liberty Media Concludes DirecTV Acquisition
Liberty Media has completed their acquisition of News Corp’s shares in DirecTV. The FCC approved the deal on Monday, and the Justice Department followed suit on Tuesday, clearing the deal of any anti-trust hurdles. The full deal has Liberty giving up their 16.3% share in News Corp in return for News Corp’s controlling 41% share of DirecTV, three regional sports networks, and $625 million in cash. The total deal is valued at $13.6 billion. The acquisition has been long rumored to signal the potential return of TiVo as DirecTV’s DVR platform, as Liberty Media is also a corporate investor in TiVo. Only time will tell.
Via EngadgetHD.
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