By Jon Hemingway -- Broadcasting & Cable, 1/12/2008 6:09:00 AM
Liberty Media upped its stake in InterActiveCorp Friday through the purchase of common stock valued at $340 million.
Liberty scooped up 14 million shares from a single holder at $24.25 each, bring its total stake in IAC to 30%. Liberty said it also entered into a standstill agreement by which it will not buy any more shares in IAC until April 15, 2009, or the closing of IAC's announced restructuring.
In a release, Liberty said it "took advantage of recent weakness in IAC's shares to increase its holding at an attractive price." IAC closed Friday's session at $23.59 per share, well off its 52-week high of $40.99.
Under the agreement, IAC also bought 6 million shares from the same holder.
Parks Associates is an internationally recognized market research and consulting company specializing in emerging consumer technology products and services. Founded in 1986, Parks Associates creates research capital for companies ranging from...
more
Created from the merger between Anystream and Voxant Media, Grab Networks offers a comprehensive video operating system and syndication network for profitably publishing video anywhere on the Internet. The system automatically manages, transcodes...
more
Telestream products are used by the world's leading media and entertainment companies and corporations for transcoding and workflow automation. Telestream helps customers transform their media for multiplatform distribution to web, mobile, DVD...
more
A leader in online technology, content & revenue solutions, WorldNow is the only company to provide comprehensive technology platforms & strategic advertising services, enabling media companies to expand to the digital realm with innovative Web...
more
In this week's edition of B&C Tech Talk, senior editor Glen Dickson talks about Scripps Television becoming the latest station group to consolidate its graphics operations with Chyron's Internet-based Axis system
