- The Justice Dept. has given its approval to a complicated transaction for Liberty Interactive (NASDAQ:QVCA) to buy Alaska's biggest telecom, General Communication (GNCMA -1.6%) for $1.1B.
- The department gave an early termination to its Hart-Scott-Rodino antitrust review. That makes the key hurdle left getting past the FCC, which has a wider review scope (including whether the deal's in the public interest). The FCC's review will wrap up next month.
- That deal is set to put hard assets behind historical tracking stocks Liberty Interactive and Liberty Ventures (LVNTA -2.3%), and analysts say that will simplify a complicated corporate structure. It also paves the way for Liberty to consolidate its stake in Charter Communications (NASDAQ:CHTR).
- Simplification could accrue benefits for other stocks in the Liberty family: Liberty Sirius (LSXMA -0.4%), Liberty Formula One (FWONA +0.5%). Liberty Global (NASDAQ:LBTYA) is down 0.9%.
- Now read: InsiderInsights.com Daily Round Up 5/25/17: PRAA, SUMR, IFF, SMRT, SANW, LSXMA, LSXMK, ETM, CORI
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