Malone, Murdoch Swap Assets

  • December 8, 2006
Their dance may be coming to an end. Rupert Murdoch's News Corp. and John Malone's Liberty Media have done a deal, according to various reports. The $11 billion asset exchange gives Liberty control of News Corp.'s 39% stake in DirecTV. In turn, News Corp. gets Liberty's 19% voting stake in News Corp. Malone also gets $550 million in cash and three News Corp.-owned regional sports nets, per The New York Times.

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