News Corp. is looking to swap its stake in Liberty Media’s DirecTV for the company’s 19 percent stake in News Corp in news first reported by CNBC and now being reported by various outlets. Liberty has the largest News Corp. stake after the Murdoch family, so the deal would increase the family’s control of the corporation and simultaneaously put Liberty chair John Malone back in the center of US media. News Corp.’s share of the satellite TV firm is valued at $9 billion, whereas Liberty’s News Corp stake is put at $11 billion, so the deal is likely to involve a cash transaction and operating asset.
Related: Reading The Tea Leaves For Liberty Media
— Malone On Murdoch, IPTV, Portability
This article originally appeared in MediaGuardian.
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