Liberty Media wants to provide investors with a clearer picture of its interactive businesses, so it's planning to spin off its Liberty Starz group (LSTZA)(LSTZB) and Liberty Capital group (LCAPA)(LCAPB) into a separate public public company. The newly formed company, dubbed Newco, will hold virtually all the assets and liabilities of Starz and Capital, but it will be divided into two tracking-stock groups, Liberty announced Sunday.

Liberty says it's doing this to provide greater transparency into the operations of its Liberty Interactive group (LINTA)(LINTB). That should make it easier and faster to raise capital. Liberty hopes to complete the spin-off later this year or early next year.

Increase your money and finance knowledge from home

Forex for Beginners

Learn about trading currencies and foreign exchange transactions

View Course »

What are Penny Stocks

The lucrative and dangerous world of penny stocks.

View Course »

Add a Comment

*0 / 3000 Character Maximum