TITLE

Liberty plugs pic pipeline

AUTHOR(S)
Fritz, Ben; Zeitchik, Steven; Mohr, Ian
PUB. DATE
May 2006
SOURCE
Daily Variety;5/17/2006, Vol. 291 Issue 33, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that Liberty Media Corp., owned by businessman John Malone, is acquiring IDT Entertainment. Liberty intends to trade its minority stakes in IDT and its telecom subsidiary to wholly acquire the company. The move was seen as a typical strategy of Malone who has been known to take a small stake in a large firm, only to trade for a piece of that particular company's business that he prefers. The negotiations was settled directly between Malone and IDT chairman Howard Jonas.
ACCESSION #
20868613

 

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