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LMI Buys Back Shares from Comcast

Liberty Media International Inc. has repurchased 3 million shares of its series-A common stock from a Comcast Corp. subsidiary, the company said Monday.

The transaction, valued at approximately $128 million in cash, was completed with Comcast QVC Inc.

Comcast received some 10.9 million shares of LMI common stock when LMI was spun off from Liberty Media Corp., with about 5 million of those shares subject to a 10-year variable forward agreement.

As a result of the transaction announced Monday, Comcast continues to hold approximately 2.7 million shares of LMI common stock.