Barter takes place on many levels…it’s just not used by the small business owner, as this recent barter agreement shows…

News Corp. Chairman Rupert Murdoch has been given the OK by federal regulators to barter his controlling interest in satellite broadcaster DirectTV Group for a larger stake in his own company.

The trade will see News Corp’s 38.4% stake in DirectTV, plus some cash and Fox cable sports channels in Seattle, Denver & Pittsburgh going to John Malone and his holding company Liberty Media Corp. for Liberty’s stake in News Corp. which is 16.3% and is valued at $11 billion.

The tax-free deal (a swap of resources) has been in the works since 2004. Looked at from another angle the deal is essentially a large share repurchase by Rupert Murdoch, as he didn’t want anybody (an outsider) owning that much of his company.

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This entry was posted on Tuesday, February 26th, 2008 at 10:49 am and is filed under Best & Brightest Barter. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.