Liberty boosts stake in DirecTV
From Times Wire Services
Liberty Media Corp. said it had purchased 78.3 million shares of DirecTV Group Inc. to increase its stake to 48%.
Liberty financed the private transaction by borrowing $1.98 billion against a new equity collar on 110 million shares of El Segundo-based DirecTV.
Liberty, based in Englewood, Colo., acquired a 41% stake in DirecTV in February.
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