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| Topic: |
Business
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| Number of pages / Number of words: |
3 / 631 |
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After the completion of the FEG Offer and the subsequent merger, Fox Acquisition Corp. changed its name to “Fox Entertainment Group, Inc.†(for periods following the completion of the FEG Offer and the subsequent merger, referred to as “FEGâ€). As a result of the transaction described above, News Corporation owns 100% of FEG...
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As a result of the transaction described above, News Corporation owns 100% of FEG.
In December 2006, the Company entered into a share exchange agreement (the “Share Exchange Agreementâ€) with Liberty Media Corporation (“Libertyâ€). Under the terms of the Share Exchange Agreement, Liberty will exchange its entire interest in the Company’s common stock (approximately 325 million shares of Class A Common Stock and 188 million shares of Class B Common Stock) for 100% of a News Corporation subsidiary (“Splitcoâ€), whose holdings will consist of the Company’s approximately 39% interest (approximately 470 million shares) in The DIRECTV Group, Inc...
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