Liberty Interactive Completes Split-off
September 23 2011 - 6:00PM
Business Wire
Liberty Interactive Corporation (f/k/a Liberty Media
Corporation, “Liberty”) (Nasdaq: LINTA, LINTB) announced today that
it completed the split-off of Liberty Media Corporation (f/k/a
Liberty CapStarz, Inc., “Splitco”), which holds the businesses,
assets, and liabilities formerly attributed to Liberty’s Liberty
Capital and Liberty Starz tracking stocks, at 5:00 p.m., New York
City time on Friday, September 23, 2011. As a result, Splitco is
now a separate publicly traded company.
As announced earlier, in connection with the closing, Liberty
has changed its name to “Liberty Interactive Corporation,” and
Splitco has changed its name to “Liberty Media Corporation.”
Liberty Media LLC, which is the issuer of Liberty’s public
indebtedness, also changed its name to “Liberty Interactive
LLC.”
The shares of Splitco’s Liberty Capital common stock and Liberty
Starz common stock distributed in the Split-Off will trade under
temporary trading symbols from Monday, September 26 through Friday,
September 30 and will be as follows:
- LCAPA will trade as LCPAD
- LCAPB will trade as LCPBD
- LSTZA will trade as LSTAD
- LSTZB will trade as LSTBD
The LCAPA, LCAPB, LSTZA and LSTZB symbols will go back into
effect on Monday, October 3, 2011. Shares of Liberty Interactive
common stock (LINTA, LINTB) will not be affected by the
closing.
About Liberty Interactive
Corporation
Liberty Interactive (Nasdaq: LINTA, LINTB) owns interests in a
broad range video and online commerce businesses including QVC,
Provide Commerce, Backcountry.com, Celebrate Interactive,
Bodybuilding.com, Evite, and Expedia.
About Liberty Media Corporation
Liberty Media owns interests in a broad range of media,
communications and entertainment businesses. Those interests are
attributed to two tracking stock groups: (1) the Liberty Starz
group (Nasdaq: LSTAD, LSTBD (temporary); LSTZA, LSTZB (permanent)),
which includes its interest in Starz, LLC, and (2) the Liberty
Capital group (Nasdaq: LCPAD, LCPBD (temporary); LCAPA, LCAPB
(permanent)), which includes its subsidiaries Atlanta National
League Baseball Club, Inc., and TruePosition, Inc., its interest in
SiriusXM, Live Nation and Barnes & Noble, and minority equity
investments in Time Warner Inc. and Viacom.
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