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January 04, 2007 | New York Law Journal

New Deals

News Corporation has signed a share exchange agreement with Liberty Media Company that will make Liberty the largest shareholder of DIRECTV, the biggest provider of satellite television. This agreement will give News Corporation an approximate $11 billion stock buyback. Also, orthopedic devices manufacturer Biomet Inc. has agreed to be taken private by an equity consortium in a deal totaling $10.9 billion.
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