Liberty Media Will Spin Off Liberty Capital and Liberty Starz

Liberty Media wants to provide investors with a clearer picture of its interactive businesses, so it's planning to spin off its Liberty Starz group (LSTZA)(LSTZB) and Liberty Capital group (LCAPA)(LCAPB) into a separate public public company. The newly formed company, dubbed Newco, will hold virtually all the assets and liabilities of Starz and Capital, but it will be divided into two tracking-stock groups, Liberty announced Sunday.

Liberty says it's doing this to provide greater transparency into the operations of its Liberty Interactive group (LINTA)(LINTB). That should make it easier and faster to raise capital. Liberty hopes to complete the spin-off later this year or early next year.
Read Full Story

Markets

DJIA 21,674.51 -76.22 -0.35%
NASDAQ 6,216.53 -5.39 -0.09%
S&P 500 2,425.55 -4.46 -0.18%
NIKKEI 225 19,470.41 -232.22 -1.18%
HANG SENG 27,047.57 -296.65 -1.08%
DAX 12,165.19 -38.27 -0.31%
USD (per EUR) 1.18 0.00 0.40%
USD (per CHF) 0.96 0.00 0.29%
JPY (per USD) 109.20 -0.12 -0.11%
GBP (per USD) 1.29 0.00 0.08%

Can't get enough business news?

Sign up for Finance Report by AOL and get everything from retailer news to the latest IPOs delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.