Liberty Media Board Increases Share Repurchase Authorization
01 11월 2007 - 8:00AM
PR Newswire (US)
Approves up to $1 Billion of Additional Liberty Interactive
Repurchases ENGLEWOOD, Colo., Oct. 31 /PRNewswire-FirstCall/ --
Liberty Media Corporation announced today that its board of
directors has authorized the repurchase of up to an additional $1
billion of Liberty Interactive common stock. This authorization
increases to $3 billion the total amount authorized to be
repurchased since the Liberty Interactive shares began trading in
May 2006 As of October 30, 2007, Liberty had repurchased
approximately 98.7 million shares at an average cost per share of
$20.15 for aggregate cash consideration of $1.991 billion. These
repurchases represent approximately 14.1% of the shares outstanding
at the time of creation of the Liberty Interactive tracking stock.
The specific timing and amount of actual future share repurchases
will vary based on market conditions, securities law limitations
and other factors. The repurchases will be made using Liberty's
cash resources, and the buyback program may be suspended or
discontinued at any time without prior notice. About Liberty Media
Corporation Liberty Media Corporation owns interests in a broad
range of electronic retailing, media, communications and
entertainment businesses. Those interests are attributed to two
tracking stock groups: the Liberty Interactive group, which
includes Liberty's interests in QVC, Provide Commerce,
IAC/InterActiveCorp, and Expedia, and the Liberty Capital group,
which includes Liberty's interests in Starz Entertainment, News
Corporation, and Time Warner. For more information, please see
http://www.libertymedia.com/. DATASOURCE: Liberty Media Corporation
CONTACT: John Orr of Liberty Media Corporation, +1-720-875-5622 Web
site: http://www.libertymedia.com/
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