Malone Recapitalizes Liberty Empire With 3 Tracking Stocks

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  • Liberty Media creates tracking stocks for Braves, Sirius
  • Separately, Liberty Interactive spins off Expedia assets

Liberty Media's Malone Recapitalizing Liberty Empire

Entities controlled by billionaire John Malone are creating three tracking stocks and spinning off two companies, the latest of numerous and complicated financial maneuvers that have enabled his empire to save taxes and develop targeted investments over the years.

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