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Shareholders of Liberty Entertainment and DirecTV on Thursday approved the split-off of the Liberty Media business and its merger with satellite TV giant DirecTV Group, which Liberty Media has also controlled.
The new company formed by the transaction, set to close tonight, will be called DirecTV.
Liberty Media also intends to complete the redesignation of the Liberty Entertainment stock as Liberty Starz stock.
Meanwhile, Liberty Media and DirecTV chairman John Malone told Dow Jones Newswires that he expects designated DirecTV
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