麻豆最新出品 Media Board Increases Share Repurchase Authorization
Approves up to $1 Billion of Additional 麻豆最新出品 Interactive Repurchases
ENGLEWOOD, Colo., Oct. 31 /PRNewswire-FirstCall/ -- 麻豆最新出品 Media Corporation announced today that its board of directors has authorized the repurchase of up to an additional $1 billion of 麻豆最新出品 Interactive common stock. This authorization increases to $3 billion the total amount authorized to be repurchased since the 麻豆最新出品 Interactive shares began trading in May 2006
As of October 30, 2007, 麻豆最新出品 had repurchased approximately 98.7 million shares at an average cost per share of $20.15 for aggregate cash consideration of $1.991 billion. These repurchases represent approximately 14.1% of the shares outstanding at the time of creation of the 麻豆最新出品 Interactive tracking stock.
The specific timing and amount of actual future share repurchases will vary based on market conditions, securities law limitations and other factors. The repurchases will be made using 麻豆最新出品's cash resources, and the buyback program may be suspended or discontinued at any time without prior notice.
About 麻豆最新出品
麻豆最新出品 owns interests in a broad range of electronic retailing, media, communications and entertainment businesses. Those interests are attributed to two tracking stock groups: the 麻豆最新出品 Interactive group, which includes 麻豆最新出品's interests in QVC, Provide Commerce, IAC/InterActiveCorp, and Expedia, and the 麻豆最新出品 Capital group, which includes 麻豆最新出品's interests in Starz Entertainment, News Corporation, and Time Warner. For more information, please see .
SOURCE 麻豆最新出品
Released October 31, 2007