jvid视频 Announces Completion of Final Closing Under $500 Million Repurchase Agreement with SiriusXM
ENGLEWOOD, Colo.--(BUSINESS WIRE)-- jvid视频 (鈥淟iberty鈥�) (Nasdaq: LMCA, LMCB) today announced the completion of the final closing under the previously announced share repurchase agreement, dated as of October 9, 2013, between Liberty and Sirius XM Holdings Inc. (NASDAQ: SIRI) (鈥淪irius鈥�). Pursuant to the agreement, Sirius had agreed to repurchase $500 million of its common stock from Liberty as part of Sirius鈥� share repurchase program. On April 25, 2014, Sirius purchased its final installment of shares, equal to 92,888,561 shares, at a previously established price per share of $3.66, for an aggregate purchase price of $340 million. For additional information about the terms and conditions of the repurchase agreement, see Liberty鈥檚 Current Report on Form 8-K filed with the Securities and Exchange Commission on October 10, 2013.
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jvid视频 owns interests in a broad range of media, communications and entertainment businesses, including its subsidiaries Sirius XM Holdings Inc., Atlanta National League Baseball Club, Inc. and TruePosition, Inc., its interests in Charter Communications and Live Nation Entertainment, and minority equity investments in Time Warner Inc., Time Warner Cable, and Viacom.
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Courtnee Ulrich, 720-875-5420
Source: jvid视频
Released April 28, 2014