MUMBAI: Liberty Media Corp. said it would probably swap its 19.1-percent stake in News Corp. for News Corp.’s 38.3 per cent controlling interest in DirecTV.
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Liberty Media chief executive Greg Maffe has been quorted in media reports as saying, "We are saying in the marketplace that we may exchange our roughly $11bn (?5.8bn) stake in News Corp for a controlling stake in DirecTV." |
| News Corp.’s stake in DirecTV is estimated to be worth about $9 billion. Reportedly, DirecTV would join Liberty assets such as shopping channel QVC and the Starz group of subscription TV channels. |
