Home Malone.
Wall Street was buzzing over reports that media moguls Rupert
Murdoch and John Malone had crafted a stock swap deal that would give
Malone's Liberty-Media Corp. ownership of DirecTV Group Inc.
Liberty Chairman Malone would swap his 19 percent stake in
Murdoch's News Corp. (valued at $16 billion) for Murdoch's 38
percent stake in the El Segundo-based satellite television provider,
which is valued at $7.4 billion. Malone also will get three regional
sports networks owned by News Corp. and $550 million in cash. Analysts
value the total deal at close to $25 billion. Since Malone is News
Corp.'s second-largest holder, the deal would increase Murdoch and
his family's stake in News Corp. to 36 percent of shares.
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