Business Services Industry
Mogul Malone's Liberty pigs out on parent.
Australasian Business Intelligence, December, 2001
Dec 5, 2001 (The Age
ABIX via COMTEX) -- US-based Liberty Media has become a 76 stockholder in UnitedGlobalCom. The John Malone-controlled company raised its stake in the parent company of Australian regional pay television operator, Austar. The deal requires Liberty Media to provide $US200m in cash to UnitedGlobalCom, as well as a $US896.1m loan and bonds worth $US1.44 billion. Malone has a 19 stake in News Corporation. Any move to merge the 25 Foxtel interest of News Corporation with Austar would face regulatory scrutiny in Australia.
LIBERTY MEDIA CORPORATION: UNITEDGLOBALCOM INCORPORATED: AUSTAR UNITED COMMUNICATIONS LIMITED
- ASX AUN:
NEWS CORPORATION LIMITED - ASX NCP: INTERNATIONAL SPORTS PROGRAMMING: SINGTEL OPTUS LIMITED:...
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