<< Read Full Article

News Corp.'s Sweet Liberty

Stock quotes in this article: NWS , DTV , LCAPA  

Updated from 9:44 a.m. EST

Rupert Murdoch finally made it official Friday.

News Corp. (NWS Quote) will divorce Liberty Media (LCAPA Quote), ending a relationship that started off sweet and then turned sour.

Under the terms of the widely expected agreement, Liberty will exchange its entire 16.3% stake in News Corp. -- about 324.6 million Class A shares and 188 million Class B shares -- for a 38.5% stake in satellite operator DirecTV (DTV Quote). Liberty also will receive $550 million in cash and regional sports networks in Denver, Pittsburgh and Seattle. ...

<< Read Full Article

Recent Comments

Loading .....




Dow Jones S&P 500 NASDAQ 10-Year Note
10,309.92 1,091.49 2,138.44 32.31
Oil *
77.12
DOWN
154.48
DOWN
19.14
DOWN
37.61
DOWN
0.48
10 Yr
3.23%
SPDR Gold
115.06
-1.48%
-1.72%
-1.73%
-1.46%
Data delayed 20 minutes

Brokerage Partners

TheStreet Premium Services

All Services