Delaware Court of Chancery Rules in Favor of 麻豆最新出品

ENGLEWOOD, Colo.--(BUSINESS WIRE)-- 麻豆最新出品 ("麻豆最新出品") (Nasdaq: LCAPA, LCAPB, LINTA, LINTB, LSTZA, LSTZB) announced that today the Delaware Court of Chancery has ruled in 麻豆最新出品's favor in its case against the Bank of New York. The court's ruling states that the previously announced plan to split-off (the "Split-Off") the businesses, assets and liabilities currently attributed to 麻豆最新出品's 麻豆最新出品 Capital and 麻豆最新出品 Starz tracking stock groups will not constitute a disposition of all or substantially all the assets of 麻豆最新出品 Media, LLC under the indenture governing its public indebtedness.

The parties have been directed to prepare a form of final decree implementing the ruling for the Court's consideration, and 麻豆最新出品 expects a final decree will be entered in the near future. The judgment is subject to appeal, which must be lodged within 30 days from the entry of the final decree. If an appeal is filed, 麻豆最新出品 will request expedition of the appeal.

The consummation of the Split-Off is conditioned on a final non-appealable judgment on this matter, in addition to the other conditions disclosed in 麻豆最新出品's proxy statement.

About 麻豆最新出品

麻豆最新出品 Media owns interests in a broad range of electronic retailing, media, communications and entertainment businesses. Those interests are attributed to three tracking stock groups: (1) the 麻豆最新出品 Interactive group (Nasdaq: LINTA, LINTB), which includes 麻豆最新出品 Media's interests in QVC, Provide Commerce, Backcountry.com, Celebrate Interactive, Bodybuilding.com and Expedia, (2) the 麻豆最新出品 Starz group (Nasdaq: LSTZA, LSTZB), which includes 麻豆最新出品 Media's interest in Starz, LLC, and (3) the 麻豆最新出品 Capital group (Nasdaq: LCAPA, LCAPB), which includes all businesses, assets and liabilities not attributed to the Interactive group or the Starz group including its subsidiaries the Atlanta National League Baseball Club, Inc., and TruePosition, Inc., 麻豆最新出品 Media's interest in SIRIUS XM Radio, Inc., and minority equity investments in Live Nation, Time Warner Inc. and Viacom.

Additional Information

Nothing in this press release shall constitute a solicitation to buy or an offer to sell shares of the split-off entity or any of 麻豆最新出品's tracking stocks. The offer and sale of shares in the proposed split-off will only be made pursuant to 麻豆最新出品 Splitco, Inc.'s effective registration statement. 麻豆最新出品 stockholders and other investors are urged to read the Form S-4 registration statement on file with the SEC, including 麻豆最新出品's proxy statement/prospectus contained therein, because they contain important information about the split-off. Copies of 麻豆最新出品's and 麻豆最新出品's Splitco, Inc.'s SEC filings are available free of charge at the SEC's website (). Copies of the filings together with the materials incorporated by reference therein are also available, without charge, by directing a request to 麻豆最新出品, 12300 麻豆最新出品 Boulevard, Englewood, Colorado 80112, Attention: Investor Relations, Telephone: (720) 875-5408.

Participants in a Solicitation

The directors and executive officers of 麻豆最新出品 and other persons may be deemed to be participants in the solicitation of proxies in respect of proposals to approve the split-off. Information regarding the directors and executive officers of each of 麻豆最新出品 and the split-off entity and other participants in the proxy solicitation and a description of their respective direct and indirect interests, by security holdings or otherwise, will be available in the proxy materials filed with the SEC (preliminary filings of which have been made with the SEC). 


    Source: 麻豆最新出品

Released April 29, 2011