Liberty Live Group Split-Off and Asset Swap Approved
Reuters
Dec 08
Liberty Live Group Split-Off and Asset Swap Approved
Liberty Media Corporation announced that its stockholders have approved the split-off of Liberty Live Holdings, Inc., which will become the owner of all businesses, assets, and liabilities previously attributed to the Liberty Live Group. The split-off is expected to take effect after market close on December 15, 2025, with Liberty Media redeeming each outstanding share of Liberty Live common stock for one share of the corresponding series in Liberty Live Holdings. Following the split-off, Liberty Live Holdings' Series A and C common stocks will begin trading on Nasdaq under the symbols "LLYVA" and "LLYVK," while Series B shares will be quoted on the OTC Markets as "LLYVB." Additionally, a reattribution of $421.7 million in net asset value between the Formula One Group and Liberty Live Group will occur as part of the reorganization.
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