Summary
This amended 8-K filing by Liberty Media Corporation (the "Company") provides crucial financial details related to its acquisition of Charter Communications, Inc. shares and warrants, which was initially reported on May 3, 2013. The amendment specifically addresses the omission of required financial statements and pro forma information in the original filing, fulfilling regulatory requirements under Item 9.01 of Form 8-K. Investors should note that the company acquired a significant stake in Charter Communications, including 26,858,577 shares of Class A common stock at $95.50 per share, and associated warrants. This filing's primary purpose is to furnish the audited financial statements of Charter Communications and unaudited pro forma condensed consolidated financial statements for Liberty Media, giving a clearer picture of the transaction's financial impact on the company.
Key Highlights
- 1Liberty Media Corporation amended its May 3, 2013 8-K to include required financial statements for acquired assets.
- 2The amendment provides financial statements for Charter Communications, Inc. (Exhibit 99.1).
- 3The filing includes unaudited pro forma condensed consolidated financial statements of Liberty Media (Exhibit 99.2).
- 4These financial statements cover periods including the three months ended March 31, 2013, and the years ended December 31, 2012, and 2011.
- 5The acquisition involved 26,858,577 shares of Charter Communications Class A common stock at $95.50 per share.
- 6The acquisition also included warrants to purchase Charter Communications shares, with specific exercise prices and acquisition costs.
- 7The inclusion of these financial statements is crucial for investors to assess the financial impact of the Charter Communications acquisition on Liberty Media.