Liberty Media announces Liberty Live spin off, CEO transition
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Liberty Media plans to spin off Liberty Live, including its stake in Live Nation and Quint, into a standalone company. CEO Greg Maffei will step down at the end of the year. Liberty Media will retain Formula One and MotoGP.
November 13, 2024 | 8:15 pm
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Liberty Media is spinning off Liberty Live, including its stake in Live Nation, into a standalone company. CEO Greg Maffei will step down at the end of the year.
The spin-off of Liberty Live could lead to a restructuring of Liberty Media's assets, potentially affecting its stock price. However, the retention of Formula One and MotoGP suggests a focus on core assets. The CEO transition may also impact investor sentiment.
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