Big move for Liberty Media, IAC and the latter’s Barry Diller today. The former has exchanged its entire equity stake in the Internet holding company for a combination of assets and cash in a transaction intended to be tax-free to both companies. Liberty has exchanged approximately 12.8 million shares of IAC stock for all of the capital stock of a wholly-owned subsidiary of IAC that holds the … → Read More
Put away your pitchforks, angry investors, for Sirius XM has been saved by Liberty Media, the company that has a sizable stake in DirecTV. A deal was reached that sees Liberty Media invest (via loans) $530 million in the satellite radio operation, some of which will go straight to paying off that $170ish million in debt the company had until today to come up with. Mel Karmazin stays on as CEO, but… → Read More
Liberty Media threw Sirius XM a lifeline with an 11th hour $530 million loan. If Sirius’s beleaguered balance sheet didn’t tell you everything you’d need to know about how the negotiations went, the terms would. The initial loan of $280 million comes at a steep 15% interest rate, and Liberty will get 40% of the satellite radio company in the end. Liberty Media will also get two board seats… → Read More
Liberty Media has acquired a controlling stake in online retailer and fitness website Bodybuilding.com for $100 Million. Bodybuilding.com sells a broad range of fitness supplements, clothing and supplies as well as offering general fitness articles and a social networking service where over 100,000 users swap exercise goals or post pictures. According to comScore, Bodybuilding.com had around 2… → Read More
Austin, TX
Seattle, WA
San Diego, CA
Menlo Park, CA
San Francisco, CA
Berlin, Germany
