Liberty Media Plans Stock Dividend To Spin Off Cable Assets

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Liberty Media Plans Stock Dividend To Spin Off Cable Assets

by Wochit 0:30 mins

Liberty Media Plans Stock Dividend To Spin Off Cable Assets

by Wochit 0:30 mins

John Malone's Liberty Media Corp started the process of spinning off its cable assets through a stock dividend to its shareholders to form a new listed company called Liberty Broadband. Liberty Broadband, in a regulatory filing, said the stock dividend would be worth up to $4.8 billion and Malone would retain a voting interest of 47.3 percent.

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