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Article: Liberty Digital, Chatham Street Holdings and NRT Take Equity Stakes in Cendant's Move.com; Cendant Stock Reclassified.
- Article from:
- PR Newswire
- Article date:
- April 4, 2000
CopyrightCOPYRIGHT 2000 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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NEW YORK, April 4 /PRNewswire/ --
Cendant Internet Group, a unit of Cendant Corporation (NYSE: CD), today announced that Liberty Digital, Inc. (Nasdaq: LDIG) purchased approximately 1.5 million shares of Move.com stock in a private placement. Liberty Digital and Cendant also agreed to use good faith efforts to enter into mutually acceptable agreements relating to the development of real estate-related programming for Liberty Digital's interactive television initiatives based on Move.com Group's Web content. Additionally, Chatham Street Holdings, LLC exercised a contractual right to purchase approximately 1.5 million shares of Move.com stock in a private ...