The Federal Communications Commission is set to finally OK Liberty Media’s purchase of a controlling stake in DirecTV. The Justice Department is also reviewing the deal. The deal, which was announced in December of 2006, has Liberty taking a majority stake in the satellite TV provider through a $12 billion asset swap with News Corp. Once complete, Liberty will have a 41 per cent stake in the satellite TV provider. News Corp will get a 19 per cent stake in Liberty as part of the agreement.

Other posts by :

1. Major banks support AST SpaceMobile
2. Fitch downgrades DirecTV debt
3. BBC: You’ll miss me when I’m gone
4. Some new US Starlink subs face $1,000 start-up fee
5. Project Kuiper beating OneWeb
6. OQ Tech gets Luxembourg 5G-by-Sat concession
7. Roskosmos: Heads roll, launch project scrapped
8. MDA under pressure over satellite order
9. SES backs C-band action from FCC

Categories: Articles, Business, M&A