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Liberty Media preps for broadband asset spinoff

Aug. 05, 2014 7:55 AM ETFormula One Group (FWONA) StockBy: Clark Schultz, SA News Editor1 Comment
  • Liberty Media (LMCA) reports its ownership in SiriusXM (SIRI) grew to 56% in Q2.
  • The company's spinoff of Liberty Broadband is scheduled to occur in 2H of 2014.
  • Under the terms of the spinoff, shareholders will receive one-fourth of a share of the corresponding series of Liberty Broadband common stock for every whole share of Liberty Media's common stock held by them.

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