Liberty Media Seeks to End Joint Ownership in QVC
Liberty Media (L ) says it wants to end its joint ownership of home-shopping network QVC. Under its joint ownership agreement, Comcast (CMCSA ) would have 30 days to make an offer to buy Liberty Media's 42% share at the established value, and Liberty Media would then have 30 days to make an offer to buy Comcast's share, according to news reports. If both Liberty and Comcast decide not to buy out the other's stake, QVC could entertain third party bids. (3/3)
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