Liberty Media, DirecTV shareholders to vote on split, merger Nov. 19

By Lisa Kerner

Charlotte, N.C., Oct. 22 - Liberty Media Corp. will ask its stockholders to vote in favor of splitting off the company's subsidiary, Liberty Entertainment, Inc., at a special meeting of stockholders at 9:30 a.m. ET on Nov. 19 in New York.

Stockholders will also be asked to approve a business combination of Liberty Entertainment with DirecTV Group, Inc., according to a Liberty Media news release.

DirecTV announced it will also hold its special meeting at 11 a.m. ET on Nov. 19 in New York for the purpose of approving the deal.

The record date for both meetings is Oct. 9, the companies said.

DirecTV announced plans to combine with Liberty Entertainment in May.

DirecTV is an El Segundo, Calif., provider of digital multichannel television entertainment.

Liberty Media is an Englewood, Colo., entertainment company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.