Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

Wednesday, April 4, 2007

News Corp. Shareholders Approve Liberty Deal

News Corp. shareholders approved a deal where News Corp. would buy back Liberty Media's 16.3% interest in the company and transfer its controlling interest in DirecTV Group to Liberty.  The deal would increase Rupert Murdoch's interest in News Corp. from 31% to 38%.  See NYTimes, News Corp. Shareholders Accept Liberty Deal ; WSJ, Liberty Media Swap Is Approved.

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