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Bulletin: Liberty Media Rating Currently Unaffected By Partial Tender Offer For Live Nation Shares

Published Jan 27, 2010

1016 words — Published Jan 27, 2010

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Abstract:

CHICAGO (Standard&Poor's) Jan. 27, 2010--Standard&Poor's Ratings Services said today that Liberty Media Corp.'s partial tender offer to purchase shares of Live Nation Entertainment Inc. does not currently affect the 'BB-' corporate credit rating or stable rating outlook on Liberty. The company announced that it intends to commence a partial tender offer to purchase up to 34,500,000 shares of Live Nation Entertainment Inc. at a cash price of $12 per share, representing a cash use of $414 million. Liberty currently owns a 14.6% stake in Live Nation. The company acquired its stake in Live Nation in exchange for its Ticketmaster Entertainment holdings in the Ticketmaster-Live Nation merger that closed on Monday. Assuming that the tender offer is

Brief Excerpt:

RESEARCH Bulletin: Liberty Media Rating Currently Unaffected By Partial Tender Offer For Live Nation Shares Publication date: 27-Jan-2010 Primary Credit Analyst: Andy Liu, CFA, Chicago (1) 312-233-7052; andy_liu@standardandpoors.com...

Report Type:

Bulletin

Ticker

733237Z

Issuer

Liberty Media Corp.

GICS

Movies & Entertainment (25401030)

Sector

Global Issuers, Structured Finance

Country

United States

Region

United States

Format:

HTML

Liberty Media 'BB-' Rating Placed On Watch Developing Following Split-Off Announcement – 2010/06/25 – US$ 150.00

Research Update: Liberty Media Corp. 'BB-' Rating Placed On CreditWatch Developing Following Split-Off Announcement – 2010/06/25 – US$ 225.00

Liberty Media Corp. – 2010/10/27 – US$ 500.00

Summary: Liberty Media Corp. – 2010/10/28 – US$ 225.00

Summary: Liberty Media Corp. – 2011/04/28 – US$ 225.00

Liberty Media Rating Cut To 'BB-' From 'BB+'; Outlook Stable – 2009/11/23 – US$ 150.00

Research Update: Liberty Media Rating Lowered To 'BB-' From 'BB+'; Outlook Stable – 2009/11/23 – US$ 225.00

Summary: Liberty Media Corp. – 2009/07/27 – US$ 225.00

Liberty Media Corp. – 2009/07/27 – US$ 500.00

Liberty Media 'BB+' Rating Remains On Watch Negative After Agreement With Sirius XM – 2009/02/17 – US$ 150.00

More from S&P Global Ratings’ Credit Research

S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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Cite this Report


MLA:	S&P Global Ratings’ Credit Research. "Bulletin: Liberty Media Rating Currently Unaffected By Partial Tender Offer For Live Nation Shares" Jan 27, 2010. Alacra Store. May 04, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Liberty-Media-Rating-Currently-Unaffected-By-Partial-Tender-Offer-For-Live-Nation-Shares-771378>

APA:	S&P Global Ratings’ Credit Research. (). Bulletin: Liberty Media Rating Currently Unaffected By Partial Tender Offer For Live Nation Shares Jan 27, 2010. New York, NY: Alacra Store. Retrieved May 04, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Liberty-Media-Rating-Currently-Unaffected-By-Partial-Tender-Offer-For-Live-Nation-Shares-771378>

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