liberty media holding corp

John Malone's Liberty Media Corp. and hedge fund Elliott Management Corp. have decided not to bid for the Metro-Goldwyn-Mayer Inc. movie studio, according to people with knowledge of the bidding.  

The Dow posted its eighth straight gain Thursday, but the S&P 500 dropped slightly. In Colorado, Delta Petroleum led actively traded gainers on news of a major gas deal. The Dow Jones Industrial Average finished the trading day at 10,779.17, up 45.5 points (0.42 percent).  

Liberty Media's QVC subsidiary announced plans to offer $250 million of notes due 2017 and $250 million of notes due 2020. The senior secured obligations will be secured by a first-priority lien on the capital stock of QVC as well as the other assets securing QVC's senior secured credit facilities and the 7.5% senior notes due 2019. Proceeds from the 144A offering will be used to acquire and retire existing senior secured debt under the credit facility.  

Liberty Media Corp. (LINTA: News ) has decided against making a bid for movie studio Metro-Goldwyn-Mayer, or MGM, the Bloomberg reported on Wednesday citing people familiar with the matter. MGM's value fell below a price Liberty executives believed would be acceptable to the studio's creditors. Liberty Media was among five parties considering second-round bids for MGM.  

John Malone's Liberty Media Corp. has decided against making a bid for the Metro-Goldwyn-Mayer Inc. movie studio, according to two people with knowledge of the media company's plans. MGM's value fell below a price Liberty executives believed would be acceptable to the Los Angeles-based studio's creditors, the people said. The Englewood, Colorado-based company, owner of the Starz Entertainment pay television service, was among five parties considering second-round bids for MGM.  

With a 47-point gain Wednesday, the Dow reached its highest level since Sept. 30, 2008. In Colorado, many stocks rose on the session, with Crocs and Level 3 Communications leading actively traded gainers. The Dow Jones Industrial Average finished the trading day at 10,733.67, up 47.69 points (0.45 percent).  

 

 

 

Bankrupt satellite radio operator WorldSpace Inc said on Tuesday that its lender Liberty Satellite Radio has terminated transaction negotiations between the two companies. Liberty Satellite Radio, a unit of media mogul John Malone's Liberty Media Corp, was widely expected to seek a strategic alliance between WorldSpace and Sirius XM Satellite Radio, the New York-based company in which it owns a significant stake. WorldSpace did not give any details of what the transaction negotiations were about.