ENGLEWOOD, Colo.—Liberty Media Corp. announced Thursday that it had repurchased 4.5 million shares of Series A Liberty Capital common stock from its chairman of the board, John Malone.
The purchase price was $11 per share in cash, making the transaction worth $49.5 million.
Details of the deal were disclosed in a filing with the Securities and Exchange Commission.
The Englewood-based company says it bought the shares as part of an ongoing stock repurchase program that had been announced last year.
Liberty Media is a diversified media holding company made up of Liberty Capital, Liberty Entertainment and Liberty Interactive.
Interests include Starz Entertainment, the Atlanta Braves, QVC.com, Expedia.com, DirecTV, Sprint Nextel, and GSN (Game Show Network).
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