Murdoch sells stake in DirecTV
Cory Bergman December 7th, 2006
In a complex deal, News Corp’s Rupert Murdoch has agreed to transfer his 39 percent stake in DirecTV (as well as three regional sports networks) to John Malone’s Liberty Media, and Malone agrees to sell back his $11 billion stake in News Corp. The deal would solidify Murdoch’s control of the company.
5 Comments Add your own
1. Allen | December 7th, 2006 at 6:07 am
I love the expression on Rupert’s face.
2. thedetroitchannel | December 7th, 2006 at 6:38 am
“39% stake” here, “$11 billion” there…
anybody up for the .99 value menu at wendy’s for lunch?
3. Dan | December 7th, 2006 at 9:33 pm
One possible good thing here is for us TIVO owners.
Murdoch owned a company that made a competing
DVR that sucked, but it was substituted for TIVO
in the DirecTV product lineup. Let’s hope Malone
listens to customers more than Malone and
moves to put TIVO back as a preferred DVR solution
with DirecTV subscribers. TIVO has much better
software than the DirecTV branded DVR.
Dan
4. OQZYGFRK1 | January 7th, 2007 at 2:41 pm
Array
5. tx | January 18th, 2008 at 2:35 pm
Wow, thanks for the excellent information!
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