Liberty Media to combine tracking stocks, increase buybacks
Liberty Media Corp., the company controlled by billionaire John C. Malone, will combine tracking stocks of its Liberty Starz and Liberty Capital units and increase share buybacks to make the stock more appealing to investors.
Liberty Global has announced that, following shareholder approvals, regulatory approvals and other customary closing conditions, it has completed the previously announced acquisition of UK cable network operator Virgin Media in a stock and cash merger valued at approximately USD 24 billion.