Liberty Interactive Corp. Completes $2.4 Billion Investment in Liberty Broadband Corp. in Support of Charter-Time Warner Cabl...
18 Maio 2016 - 7:35PM
Business Wire
Liberty Interactive Corporation (NASDAQ: QVCA, QVCB, LVNTA,
LVNTB) (“Liberty Interactive”) today announced that it completed
its $2.4 billion investment in Liberty Broadband Corporation
(NASDAQ: LBRDA, LBRDK) (“Liberty Broadband”) upon the closing of
today’s announced merger of legacy Charter
Communications, Inc. and Time Warner Cable Inc. (“TWC”) and
the concurrent acquisition of Bright House Networks. The proceeds
of this investment were used by Liberty Broadband to partially fund
its acquisition of $5 billion of stock in the new public parent
company (“New Charter”) of the combined enterprises. Liberty
Interactive (along with third party investors, all of whom invested
on the same terms as Liberty Interactive) purchased newly issued
shares of Liberty Broadband Series C common stock at a fixed
per share price of $56.23. Liberty Interactive’s investment in
Liberty Broadband was funded using cash on hand and has been
attributed to the Liberty Ventures Group.
Also pursuant to the previously announced transaction
agreements, each of Liberty Interactive and Liberty Broadband has
exchanged, on a tax-free basis, its shares of TWC common stock for
shares of New Charter Class A common stock, on a one-for-one
basis, and Liberty Interactive has granted to Liberty Broadband a
proxy and a right of first refusal with respect to the shares of
New Charter Class A common stock received by Liberty Interactive in
the exchange.
As a result of the foregoing, Liberty Interactive owns
42,681,842 shares of Liberty Broadband Series C common stock and
5,358,401 shares of New Charter Class A common stock.
About Liberty Interactive
Corporation
Liberty Interactive Corporation operates and owns interests in a
broad range of digital commerce businesses. Those businesses are
currently attributed to two tracking stock groups: the QVC Group
and the Liberty Ventures Group. The businesses and assets
attributed to the QVC Group (Nasdaq: QVCA, QVCB) consist of Liberty
Interactive's subsidiaries, QVC, Inc. and zulily, llc, and its
interest in HSN, Inc., and the businesses and assets attributed to
the Liberty Ventures Group (Nasdaq: LVNTA, LVNTB) consist of all of
Liberty Interactive Corporation's businesses and assets other than
those attributed to the QVC Group, including its interest in
Expedia, Interval Leisure Group and FTD, its subsidiaries
Bodybuilding.com, CommerceHub and Evite, and minority interests in
Time Warner, Liberty Broadband Corporation, Lending Tree and
Charter Communications, Inc.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160518006606/en/
Liberty Interactive CorporationCourtnee Chun,
720-875-5420
Liberty Interactive Corp. - Series A Liberty Ventures (delisted) (NASDAQ:LVNTA)
Gráfico Histórico do Ativo
De Jun 2024 até Jul 2024
Liberty Interactive Corp. - Series A Liberty Ventures (delisted) (NASDAQ:LVNTA)
Gráfico Histórico do Ativo
De Jul 2023 até Jul 2024