Liberty Sets Condition for Controlling Jupiter
From Bloomberg News
John Malone’s Liberty Media International Inc. agreed to take control of Jupiter Telecommunications Co., Japan’s largest cable-TV company, if Jupiter would sell shares to the public.
Liberty Media said it would place its 45% stake in Jupiter into a holding company, along with a 32% stake owned by Sumitomo Corp.
Liberty Media shares rose $1.21 to $43.06 on Nasdaq.
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