DirecTV to Move to Nasdaq From NYSE

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DirecTV Group Inc. said Thursday that it will switch its stock listing from the New York Stock Exchange to the Nasdaq market effective Dec. 3.


The shares will continue to trade under the ticker “DTV.”


The El Segundo-based company, which is the nation’s largest provider of satellite TV, is awaiting regulatory approval for Liberty Media Corp. to acquire a 40 percent stake in the company from News Corp. in a stock swap deal announced late last year.


DirecTV said the move is not tied to the pending Liberty transaction, saying the switch to Nasdaq has a goal of “achieving greater value” for investors.


Shares in DirecTV gained 1.1 percent to $24.26 in afternoon trading Thursday on the New York Stock Exchange.

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