Liberty to Offer Time Warner-Backed Debentures
By Mike Farrell
published Liberty Media said Thursday that it will offer senior debentures in a private offering redeemable for Time Warner shares that could be used for future acquisitions.
Liberty owns about 4.3 million shares, or less than 1% of Time Warner outstanding stock. In a statement Thursday the company said the debentures are redeemable for Time Warner stock, cash or a combination of both.
Multichannel Newsletter
The smarter way to stay on top of the multichannel video marketplace. Sign up below.
More about multichannel news