Key Developments: Liberty Media Corp (LMCA.O)

LMCA.O on Nasdaq

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Latest Key Developments (Source: Significant Developments)

Liberty Media Corp reiterates FY 2014 guidance
Thursday, 8 May 2014 07:30am EDT 

Liberty Media Corp:Reiterates FY 2014 guidance.FY 2014 revenue of $4.5 billion - Thomson Reuters I/B/E/S.  Full Article

Liberty Media Corporation announces completion of final closing under $500 mln repurchase agreement with Sirius XM Holdings Inc
Monday, 28 Apr 2014 08:30am EDT 

Liberty Media Corporation:Completion of final closing under previously announced share repurchase agreement, dated as of Oct. 9, 2013, between Liberty and Sirius XM Holdings Inc.Pursuant to agreement, Sirius had agreed to repurchase $500 mln of common stock from Liberty as part of Sirius' share repurchase program.On April 25 Sirius purchased its final installment of shares, equal to 92,888,561 shares, at previously established price per share of $3.66, for aggregate purchase price of $340 mln.  Full Article

Liberty Media Corp affirms FY 2014 revenue and EBITDA guidance
Friday, 28 Feb 2014 07:30am EST 

Liberty Media Corp:Affirmed fiscal 2014 guidance.Expects fiscal 2014 revenue of over $4 billion and adjusted EBITDA of about $1.38 billion.Fiscal 2014 revenue of $4.5 billion - Thomson Reuters I/B/E/S.  Full Article

Liberty Media Corp announces proposal to make Sirius XM Holdings Inc. a wholly owned subsidiary of Liberty
Friday, 3 Jan 2014 04:35pm EST 

Liberty Media Corp:Says it has made a proposal to make Sirius XM Holdings Inc. a wholly owned subsidiary of Liberty.Says the terms by which Sirius public shareholders would become shareholders of Liberty in a tax-free transaction in which each share of Sirius common stock would be converted into 0.0760 of a new share of Liberty Series C common stock.Says immediately prior to such conversion, Liberty intends to distribute, on a 2:1 basis, shares of Liberty's Series C common stock to all holders of record of Liberty's Series A and B common stock to create a liquid trading market for Liberty's Series C common stock.Says upon the completion of the proposed transaction, Liberty expects that Sirius' public shareholders would own about 39% of Liberty's then-outstanding common stock.  Full Article

Liberty Media Corp Announces Completion Of Initial Closing Under $500 Million Repurchase Agreement With Sirius XM Radio Inc
Thursday, 14 Nov 2013 05:52pm EST 

Liberty Media Corp announced the completion of the initial closing under the previously announced share repurchase agreement with Sirius XM Radio Inc. Pursuant to the agreement, Sirius has agreed to repurchase $500 million of its common stock from Liberty Media as part of Sirius` share repurchase program, which it recently announced was increased from $2 billion to $4 billion. Liberty Media expects to continue to own over 52% of the outstanding SIRI shares after giving effect to the repurchase. The price per share is $3.66, which is equal to a 1.5% discount to the average of the daily volume weighted average price per share of SIRI for the ten-day period beginning on the third trading day following the date of the public release of Sirius` third quarter 2013 earnings. On November 14, 2013, Sirius purchased approximately 43,712,000 shares for an aggregate purchase price of $160 million. The remaining shares are expected to be purchased in two installments, of which $240 million will be repurchased in January 2014 and $100 million will be repurchased in April 2014.  Full Article

Liberty Media Corp Issues FY 2014 Guidance; EBITDA Below Analysts' Estimates
Tuesday, 5 Nov 2013 07:34am EST 

Liberty Media Corp announced that it Issued initial fiscal 2014 guidance and expects revenue of over $4.0 billion and Adjusted EBITDA of approximately $1.38 billion. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $4.56 billion and EBITDA of $1.47 billion for the fiscal 2014.  Full Article

Liberty Media Corp Announces Closing Of $1 Billion Of Cash Convertible Senior Notes Due 2023
Thursday, 17 Oct 2013 04:33pm EDT 

Liberty Media Corporation (Liberty Media) announced the closing on October 17, 2013 of a private offering of $1 billion aggregate principal amount of its 1.375% Cash Convertible Senior Notes due 2023 (including $100 million aggregate principal amount of notes pursuant to the initial purchasers' option to purchase additional notes, which was exercised in full on October 11, 2013). In connection with the offering of the notes, Liberty Media has entered into privately negotiated cash convertible note hedge and warrant transactions with counterparties including certain of the initial purchasers (and/or their respective affiliates). Liberty Media intends to use the net proceeds from the notes offering, together with the proceeds from the sale of the warrants, to fund the cash convertible note hedge transactions and to pay down a portion of its outstanding margin loans, with the remaining net proceeds expected to be used for general corporate purposes. The notes will mature on October 15, 2023 and will be convertible, under certain circumstances, into cash based on the trading prices of the underlying shares of Liberty Media's Series A common stock. All conversions of the notes will be settled solely in cash, and not through the delivery of any securities.  Full Article

Liberty Media Corp Announces Pricing of $900 Million of Cash Convertible Senior Notes Due 2023
Thursday, 10 Oct 2013 05:56pm EDT 

Liberty Media Corp announced the pricing on October 10, 2013 of a private offering of $900 million aggregate principal amount of its 1.375% Cash Convertible Senior Notes due 2023. In connection with the offering of the notes, Liberty Media has entered into privately negotiated cash convertible note hedge and warrant transactions with counterparties including certain of the initial purchasers. Liberty Media expects to use the net proceeds from the notes offering, together with the proceeds from the sale of the warrants, to fund the cash convertible note hedge transactions and to pay down a portion of its outstanding margin loans, with the remaining net proceeds expected to be used for general corporate purposes. The notes will mature on October 15, 2023 and will be convertible, under certain circumstances, into cash based on the trading prices of the underlying shares of Liberty Media`s Series A common stock. The offering of the convertible notes is expected to close on October 17, 2013. Citigroup Global Markets Inc., Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Barclays Capital Inc., BNP Paribas Securities Corp., Credit Agricole Securities (USA) Inc., Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., RBC Capital Markets, LLC, RBS Securities Inc. and Wells Fargo Securities, LLC are acting as joint book-running managers for the offering.  Full Article

Liberty Media Corp Announces Proposed Private Offering of $500 Million of Cash Convertible Senior Notes
Thursday, 10 Oct 2013 06:30am EDT 

Liberty Media announced a private offering, subject to market and other conditions, of $500 million aggregate principal amount of cash convertible senior notes due 2023. Liberty Media expects to grant to the initial purchasers an option to purchase additional notes with an aggregate principal amount of up to $75 million. The notes will be convertible, under certain circumstances, into cash based on the conversion value of the underlying shares of Liberty Media`s Series A common stock. All conversions of the notes will be settled solely in cash, and not through the delivery of any securities. The interest rate, conversion rate and other terms of the notes will be determined by negotiations between Liberty Media and the initial purchasers of the notes. Citigroup Global Markets Inc., Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Barclays Capital Inc., BNP Paribas Securities Corp, Credit Agricole Securities (USA) Inc., Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., RBC Capital Markets, LLC, RBS Securities Inc. and Wells Fargo Securities, LLC are acting as joint book-running managers for the offering. Liberty Media expects to use the net proceeds from the notes offering, together with the proceeds from the sale of the warrants to fund the hedge transaction and to pay down a portion of its outstanding margin loans, with the remaining net proceeds expected to be used for general corporate purposes.  Full Article

Liberty Media Corp To Replace Virgin Media Inc In NASDAQ-100 Index Beginning June 5, 2013
Wednesday, 29 May 2013 08:04pm EDT 

Liberty Media Corp announced that it will become a component of the NASDAQ-100 Index, the NASDAQ-100 Equal Weighted Index, and the NASDAQ-100 Ex-Technology Sector Index prior to market open on June 5, 2013. Liberty Media Corporation will replace Virgin Media Inc.  Full Article

Preview: Liberty at North Carolina

With the pressure of winning, head coaches don’t usually think so much in the way of having fun, so one will have to excuse North Carolina’s Larry Fedora for getting his kicks in before Saturday's season opener against visiting Liberty. Fedora refused to announce his starting quarterback at a recent news conference "because it bothers everybody and that just gives me pleasure." Despite Fedora’s evasiveness, the likely starter will be junior Marquise Williams, a dual threat who took over a 1-5 te

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