Liberty Media Corporation Announces Plan to Split Off Liberty Live Group
Liberty Media Corporation (LLYVK)
Company Research
Source: Business Wire
ENGLEWOOD, Colo.--(BUSINESS WIRE)--Liberty Media Corporation (“Liberty Media”) (Nasdaq: FWONA, FWONK, LLYVA, LLYVK) today announced that it is pursuing a plan to split off the Liberty Live Group (the “Split-Off”). Immediately prior to effecting the Split-Off, Liberty Media’s subsidiary Quint would be reattributed from the Formula One Group to the Liberty Live Group in exchange for certain private assets. Any cash consideration would be determined at a future date based on relative valuations at the time of the reattribution.“The split-off of Liberty Live Group into a separate public entity will simplify Liberty Media’s capital structure, should reduce the discount to net asset value of our Liberty Live stock and enhance trading liquidity at both entities. Following the split-off, Liberty Media will be an independent, asset-backed company holding our motorsport businesses and related sports investments,” said Greg Maffei, Liberty Media President and CEO. “Since acquiring Quint in J
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- Greg Maffei to Step Down as Liberty Media CEO at Year-End in Conjunction with Transactions to Simplify Corporate StructureBusiness Wire
- Liberty Media Corporation Reports Third Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
LLYVK
Sec Filings
- 12/18/24 - Form 4
- 12/12/24 - Form 4
- 12/10/24 - Form 4
- LLYVK's page on the SEC website