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.