Liberty to buy control of OpenTV - Broadcasting & Cable

Liberty to buy control of OpenTV

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Liberty Media Corp. said Wednesday that it will buy controlling interest in interactive-television company OpenTV Corp. for $185 million in cash and stock.

Liberty said it will acquire about a 43 percent economic stake and an 87 percent voting interest in OpenTV's outstanding shares held by MIH Ltd., a
British Virgin Island-based provider of pay TV services, as of April 30.

Colorado-based Liberty will form Liberty Broadband Interactive
Television Inc. to manage the OpenTV investment.

It named Peter Boylan III as president and chief executive of the new unit.

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