Financial Times FT.com

DirecTV to merge with Liberty

By Kenneth Li in New York

Published: May 4 2009 19:43 | Last updated: May 4 2009 19:43

DirecTV Group, the US satellite television provider, will merge with John Malone’s Liberty Entertainment to simplify its ownership structure and improve its ability to pursue deals.

The two-step transaction makes the group a more attractive takeover candidate for telecommunications groups AT&T or Verizon.

You have viewed your allowance of free articles. If you wish to view more, click the button below.

Read this