Liberty Media plans stock dividend to spin off cable assets
Friday, 25 July 2014
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 per cent, according to Reuters.