News Corp. trades DirecTV for Liberty's stake

According to a report in The Wall Street Journal, News Corp. is poised to buyback its second biggest shareholder's stake in the company in exchange for its 38.6 percent stake in DirecTV. The deal sees News Corp. buying Liberty Media's $11 billion stake in the media giant for News Corp.'s DirecTV assets. While the deal has been under negotiation for some months, sources say it may come to fruition soon. Reports indicate that DirecTV's soaring stock price may be a factor in the prolonged negotiations. It's no secret that most rural telcos view DirecTV as their prime competitor in the payTV skirmishes taking place across the U.S.

For more on the News Corp.-Liberty Media deal:
- see this WSJ article (sub. req.)

Suggested Articles

A massive media conglomerate like Comcast/NBCUniversal makes news often but this week was particularly busy with an acquisition, a big name reveal and a major…

DAZN, a subscription sports streaming service that launched in 2018, has a new distribution deal in place on Comcast’s X1 and Flex video platforms.

Given the accelerating rate at which consumers are going online for entertainment, Roku said that streaming TV viewers could surpass the amount of pay TV…