DirecTV Group Inc., the nation's largest satellite TV provider, said Monday it will be combined with the entertainment unit of Liberty Media Corp. and spun off into a separately traded company.
The deal will give DirecTV assets that would enhance the offerings of its satellite TV operations: regional sports networks in Seattle, Denver and Pittsburgh as well as a 65 percent stake in the Game Show Network and FUN Technologies, a provider of online sports games and information.
Media mogul John Malone, who controls Englewood, Colo.-based Liberty Media, will have a 24 percent voting stake in the new company, down from the 48 percent Liberty now holds. He will …
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