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Article: Liberty Media Corporation Announces Plan to Separate International Businesses.
- Article from:
- PR Newswire
- Article date:
- March 15, 2004
CopyrightCOPYRIGHT 2004 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Liberty Media Corporation today announced that it intends to spin-off to its shareholders a separate company comprised of its international businesses. The transaction, which is intended to be tax-free to shareholders, will create a new publicly-traded company called Liberty Media International, Inc. (LMI).
LMI will be comprised of Liberty Media's interests in various broadband and content businesses operating principally in Europe, Japan and Latin America. These businesses include UnitedGlobalCom, Inc. , Jupiter Telecommunications, Co., Ltd., and Jupiter Programming Co., Ltd., and Liberty Cablevision of Puerto Rico, Inc. among others.
Within the ...