Liberty Media plans stock dividend to spin off cable assets

July 25 Fri Jul 25, 2014 7:12am EDT

July 25 (Reuters) - John Malone's Liberty Media Corp started the process of spinning off its cable assets through a stock dividend to its shareholders to form a new listed company called Liberty Broadband.

Liberty Broadband, in a regulatory filing, said the stock dividend would be worth up to $4.8 billion and Malone would retain a voting interest of 47.3 percent. (Reporting by Soham Chatterjee in Bangalore; Editing by Saumyadeb Chakrabarty)

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