DOUGLAS COUNTY
Liberty Media nears deal to buy Braves
Douglas County-based Liberty Media and its chairman John Malone are reportedly close to acquiring Major League Baseball’s Atlanta Braves as part of an asset swap with media giant Time Warner.
An announcement is expected this week, according to a report published Friday in the New York Post, which cited an unnamed source.
Liberty, which holds a 4 percent stake in Time Warner valued at roughly $3 billion, is trying to unload the stock in a way that would minimize the tax impact. Under the deal, Liberty would receive cash and the Braves in exchange for Time Warner shares and a 50 percent stake in the Court TV cable network, according to the report.
Liberty Media spokesman John Orr declined to comment Friday.
GREENWOOD VILLAGE
First Data split won’t need a moving truck
Both Western Union and First Data Corp. will maintain their headquarters in Greenwood Village when the two companies split apart later this year, First Data chief executive Ric Duques informed investors in a conference call Friday morning.
First Data is the state’s largest public company, with a market value of $36.8 billion.
Its Western Union subsidiary is the world’s largest provider of money transfers, with agent locations in more than 200 countries, leading to speculation that the company might relocate to a city with more international flights.
First Data employs 3,000 people in the Denver area.
