Stock swap.Stock Swap A stock swap also known as a share swap or equity swap is a business takeover in which the acquiring company uses its own stock to pay for the acquired company. : News Corp. Chairman Rupert Rupert, 1352–1410, German king (1400–1410), elector palatine of the Rhine. He was elected German king after the deposition of Wenceslaus. Seeking the imperial crown, Rupert went to Italy. Murdoch told investors that he is close to a swap of his $7.4 billion worth of stock of DirecTV Group Inc. for Liberty Media Chairman John Malone's $16 billion in News Corp.'s stock. Malone's share, around 19 percent, puts in danger Murdoch's 30 percent share and forced the media mogul Mogul: see Mughal. to adopt a "poison pill A defensive strategy based on issuing special stock that is used to deter aggressors in corporate takeover attempts. The poison pill is a defensive strategy used against corporate takeovers. " defense strategy two years ago. To even up the deal. Murdoch said he would add cash or other payments to his 38 percent stake in the El Segundo-based satellite TV provider, which recently saw a 300-percent jump in profit. |
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