Liberty Media CEO Greg Maffei to Exit Amid Major Asset Spin-Off and Acquisition
TL;DR Summary
Liberty Media announced it will spin off most of its assets, excluding Formula One, into a new publicly traded company called Liberty Live, with CEO Greg Maffei stepping down at the end of the year. John Malone will serve as interim CEO. Liberty Live will hold shares in Live Nation Entertainment and other assets, while Liberty Media retains Formula One and MotoGP. Additionally, Charter Communications will acquire Liberty Broadband in an all-stock deal. The restructuring aims to simplify Liberty's capital structure and enhance trading liquidity.
- Liberty Media to spin off assets; CEO Greg Maffei to step down at year-end CNBC
- Charter Communications to Acquire John Malone’s Liberty Broadband in All-Stock Deal Hollywood Reporter
- Greg Maffei to step down as CEO of F1 owner Liberty Media Motorsport.com
- Charter Communications announces buyout deal for Liberty Broadband at terms above its previous proposal MarketWatch
- Breaking: F1 owner CEO announces departure Racingnews365.com
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