Following the Atlanta Braves splitting into its own distinct business entity separate from Liberty Media Corporation, the company reported its Q2 earnings on its most recent...
The split of the team from Liberty Media will be completed through the exchange of stock by investors.
"Liberty is no stranger to the sports or media spaces. It owns the Atlanta Braves, SiriusXM and Formula 1 Racing."
"Today is one of the most difficult days we’ve had to face as a team..."
Benchmark analyst Matthew Harrigan wrote in a research note, "We had anticipated the price could register as high as $100M, although we saw ESPN as the...
"The company still owns a 78% stake in SiriusXM and a 32% stake in concert promoter Live Nation."
"Liberty owns a significant portion of iHeart's debt. At some point, Liberty is expected to convert that debt into equity."
"The DOJ's concern is what such a deal could mean for competition."
"The dollar amount behind Liberty's claim is private, but the group would reportedly team up with MLB on the deal."
"Faber says that Major League Baseball is the only other serious bidder."