Summary
Liberty Media Corporation (FWONK) has filed an 8-K detailing the upcoming completion of its previously announced redemptive split-off of Liberty Live Holdings, Inc. This transaction, approved by security holders at a special meeting on December 5, 2025, will result in Liberty Media shareholders receiving shares of Liberty Live Holdings common stock in exchange for their existing Liberty Media common stock. The split-off is expected to be effective on December 15, 2025, after which Liberty Live Holdings' Series A and C shares (LLYVA and LLYVK) will commence trading on the Nasdaq Global Select Market, while its Series B shares (LLYVB) will be quoted on the OTC Markets. Concurrently, Liberty Media's existing LLYVA, LLYVK, and LLYVB shares will cease trading on their current venues.
Key Highlights
- 1Liberty Media Corporation's split-off of Liberty Live Holdings is set to be completed on December 15, 2025.
- 2Shareholders will receive Liberty Live Holdings common stock in exchange for their current Liberty Media common stock holdings in a redemptive split-off.
- 3Liberty Live Holdings' Series A and C common stock (LLYVA, LLYVK) will list on the Nasdaq Global Select Market starting December 16, 2025.
- 4Liberty Live Holdings' Series B common stock (LLYVB) will be quoted on the OTC Markets starting December 16, 2025.
- 5The company has formally notified Nasdaq and OTC Markets of the voluntary delisting and removal from quotation.
- 6Security holders approved the Split-Off Proposal and the Adjournment Proposal at the special meeting held on December 5, 2025.
- 7Final terms for a reattribution of assets and liabilities between the Formula One Group and Liberty Live Group, valued at $421.7 million net asset basis, were approved by the board.