Baker Botts has advised key client Liberty Media Group on its $7.9bn (£4.9bn) acquisition of specialist TV channel QVC, securing the Houston firm a lead role opposite Davis Polk & Wardwell on one of the biggest US media deals of the year.

The transaction saw Baker Botts advise Liberty on the acquisition of a 57% stake in shopping channel QVC held by US media group Comcast, giving it a total 98% stake and making QVC Liberty’s largest wholly-owned subsidiary.