Home Add to Favorite Contact Submit  
           17 August, 2022

Category:  Press » Finances


Liberty Media Comments on Ruling in IAC Litigation

         Views: 1851
2008-03-29 05:07:58     
Liberty Media Corporation

Liberty Media Corporation ("Liberty") (Nasdaq: LINTA) today commented on the ruling by the Delaware Chancery Court, regarding the IAC/InterActiveCorp ("IAC") litigation.

We are disappointed that the Court did not agree with our position on a number of our claims. However, it is important to note that the Court deferred a decision on whether the IAC Board is complying with their fiduciary duties pending further action by the IAC Board.

Our primary objection to the spin-offs relates to the proposed use of a single-tier voting structure. We have never suggested that Liberty was otherwise opposed to the spin-offs.

We are evaluating all of our options, including whether to appeal the Court's decision. In any event, we expect that the IAC Board will heed its fiduciary duties and will act appropriately to ensure a fair and equitable outcome. Whether we take any further legal action to enforce these duties will depend on the course pursued by the IAC Board.

About Liberty Media Corporation

Liberty Media Corporation owns interests in a broad range of electronic retailing, media, communications and entertainment businesses. Those interests are attributed to three tracking stock groups: (1) the Liberty Interactive group, which includes Liberty's interests in QVC.com, Provide Commerce, Backcountry.com, BUYSEASONS, Bodybuilding.com, IAC/InterActiveCorp, and Expedia, (2) the Liberty Entertainment Group, which includes Liberty's interests in the DIRECTV Group, Inc., Starz Entertainment, FUN Technologies, Inc., GSN, LLC, WildBlue Communications, Inc., and Liberty Sports Holdings LLC, and (3) the Liberty Capital group, which includes all businesses, assets and liabilities not attributed to the Interactive Group or the Entertainment Group including our subsidiaries Starz Media, LLC, Atlanta National League Baseball Club, Inc., and TruePosition, Inc., and minority equity investments in Time Warner Inc. and Sprint Nextel Corporation.

Specialized in: Liberty Media - Iac Litigation
URL: http://www.libertymedia.com
Print press release      Bookmark this page
Related Press releases 
Georgia Business Insurance Agency Releases a New Educational Resource on Commercial Auto Insurance (Popularity: ): Alpharetta, Georgia ( press.abc-directory.com ) August 4, 2021 - Southern States Insurance has recently released a new educational resource that discusses commercial auto insurance and the details of coverage. The new blog is guided by the Georgia commercial auto insurance experts at Southern States Insurance who have extensive experience helping those in the commercial auto industry get thorough and comprehensive coverage.Southern States Insurance offers readers some valuable information that helps ...
Connecticut Business Insurance Brokers Discuss General Liability Coverage (Popularity: ): Norwalk, Connecticut (press.abc-directory) September 30, 2020 - The Connecticut business insurance brokers at JMG Insurance Agency recently released a new informational article that answers the question, "what does general liability insurance cover?". The new blog can be found on the company's website. The information in the article is guided by the insurance agency's extensive professional experience handling general liability plans and ensuring their clients are properly and comprehensively covered. Their ...
FinAcc Global Introduced Financial Reporting Services for Manufacturing Industry (Popularity: ): Arlington,texas-- September 10, 2020 -- It has been an immense pleasure to announce that FinAcc Global is now offering financial reporting services for manufacturing industries. FinAcc Global presents accurate yet customized financial statements and reporting services that help manufacturers to make informed decisions. The company aims to prepare financial reports that help their clients expand their business growth with increased revenue. Moreover, they follow a distinct process while working on ...
FinAcc Global launches accounting services for telecommunication businesses. (Popularity: ): Arlington, Texas-- September 2, 2020 -- It has been an immense pleasure to proclaim that FinAcc Global, an accounting outsourcing company, launches specialized accounting services for telecommunication businesses. The outsourcing firm aims to deliver flexible and integrated finance accounting solutions that help the industry to overcome many challenges.FinACC Global presents comprehensive accounting services for the telecommunication industry with 100% data security and confidentiality. With the flexible engagement model and technology-enabled ...
Nelito Systems Ltd. appoints Mr. Sanjay Dube as the new Chief Executive Officer (Popularity: ): Navi Mumbai, July 08, 2020 – Nelito Systems Ltd. (Group Company of DTS Corporation, Japan), announced that Mr. Sanjay Dube has been appointed as the Chief Executive Officer.Mr. Sanjay Dube, prior to joining Nelito looked after the Fuel, Logistics and Land vertical for The Tata Power Company Limited. Prior to that, he looked after Strategy and Performance Analysis and before that, he looked after Treasury, Investor Relations and Corporate Finance, ...

Press release home snapshot 

Related Business 
American Sons of Liberty (Popularity: ): Under reported news stories exposing media bias. Reveals legislation that threatens American liberty.
Industrial Machine Parts Exporter (Popularity: ): A business organization dealing in all types of industrial spare parts manufacturer, exporter and supplier such as brass ruling disc, paper ruling spacers, rubber rollers, industrial knives and many more.
Liberty Nickel Collector Society (Popularity: ): The premier online club for collectors of Liberty Head Nickels. Complete information from patterns to the famous 1913 Liberty Nickel.
West Liberty University (Popularity: ): West Liberty University is a forward-looking, four-year public university steeped in a rich heritage as West Virginia’s oldest institution of higher education. Established as West Liberty Academy in 1837 (26 years before the state was admitted to the Union), it was created to respond to the need for higher educational opportunities west of the Appalachian ridge. The institution is named for the town in which it is located. West Liberty ...
Liberty Law A.P.C. (Popularity: ): Do you live near Red Bluff, Chico or Redding, CA? Need a team of lawyers you can trust? Look no further than Liberty Law, A.P.C. Rest assured that you, as our customer, will be well represented and expertly cared for. When you need a heavy hitter on your side, know that Liberty Law is here for you.
Liberty Grills: Grills In Singapore (Popularity: ): Liberty grills started in Singapore in 2004. The founders and barbecue enthusiasts, Janet and Lin, were already bringing in grills from countries like New Zealand and Germany. While popular, these barbecues could not cater entirely to the discerning Singapore market. Thus, Liberty grills were born. Today, the Liberty range has expanded to offer a wide range of grills. From impressive spit roasters to compact 2 burner gas grills to the ...
Liberty Shoes Ltd. (Popularity: ): We at Liberty Shoes have been fashioning footwear, for well over 50 years now. Liberty Shoes online store offers a wide range of casual, formal, canvas, leather, & sports shoes for men, women and kids.
Condos In Toronto (Popularity: ): Condos in Toronto - Liberty village condos & new homes for sale at King Liberty Condos. Buy lofts, condos, townhouses at exciting location on Liberty Village, Toronto. We are out and about on the streets of Liberty Village and Downtown Toronto everyday. We have made it our business to know about everything in the area that can influence property values and to be in the know about new buildings on ...
Ruling Comet: Web Designers Gurgaon (Popularity: ): Ruling Comet is an IT software development service provider staffed with experienced web developers and designers. We were focused on long-term commitments providing our clients with cost-effective virtual extensions of their IT organisations and providing all stages of a product engineering lifecycle: from requirements definition, project analysis and planning through software development to QA, trainings and maintenance.
Tycko Zavareei LLP (Popularity: ): Services for litigation matters including employment, environmental law, product liability, media, securities, professional negligence, and class action litigation.