According to the Assocated Press, via The Motley fool, that could be reality after spinoff.. here is the article.
Liberty Media CEO says DirecTV sale 'possible'
The chief executive of Liberty Media Corp. said Friday that a sale of DirecTV to a phone company is possible after its planned spin-off.
In an interview with The Associated Press, Greg Maffei said phone companies could have strategic reasons for buying DirecTV Group Inc., the nation's largest satellite TV operator.
Phone companies could be interested in acquiring DirecTV for the ability to offer video nationally along with Internet and phone services to better compete with cable TV operators, which have been luring customers with such "triple play" packages.
Liberty Media, which owns a controlling stake in DirecTV, announced Monday it will merge its entertainment unit with DirecTV and spin that off as a separate company. Afterward, Maffei and Liberty Chairman John Malone are expected to stay on DirecTV's board. Media mogul Malone will have a 24 percent voting control and remain as DirecTV's chairman after the spin-off.
The spin-off will simplify DirecTV's ownership structure and make it easier for another company to buy it. Currently, Liberty owns 54 percent of DirecTV through Liberty Entertainment Group, which trades as a separate tracking stock. DirecTV also is publicly traded.
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Liberty Media CEO says DirecTV sale 'possible'
The chief executive of Liberty Media Corp. said Friday that a sale of DirecTV to a phone company is possible after its planned spin-off.
In an interview with The Associated Press, Greg Maffei said phone companies could have strategic reasons for buying DirecTV Group Inc., the nation's largest satellite TV operator.
Phone companies could be interested in acquiring DirecTV for the ability to offer video nationally along with Internet and phone services to better compete with cable TV operators, which have been luring customers with such "triple play" packages.
Liberty Media, which owns a controlling stake in DirecTV, announced Monday it will merge its entertainment unit with DirecTV and spin that off as a separate company. Afterward, Maffei and Liberty Chairman John Malone are expected to stay on DirecTV's board. Media mogul Malone will have a 24 percent voting control and remain as DirecTV's chairman after the spin-off.
The spin-off will simplify DirecTV's ownership structure and make it easier for another company to buy it. Currently, Liberty owns 54 percent of DirecTV through Liberty Entertainment Group, which trades as a separate tracking stock. DirecTV also is publicly traded.
Read the rest at the URL above.
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