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. Ghana makes MultiChoice fee decision
2. SES announces €0.25c dividend
3. Russia “blinding and destroying” German satellites
4. Bank: AST, Starlink, Kuiper targeting $200bn market
5. Rivada: Is no news good news?
6. SES celebrates Intelsat acquisition
7. Pakistan halts broadband direct-from satellite
8. India stymies Starlink launch
9. Starlink, AST SpaceMobile race for cellular consumers

Categories: Articles, Business, M&A