Summary
Liberty Media Corporation (FWONK) announced the completion of its previously disclosed split-off of its former wholly-owned subsidiary, Liberty Live Holdings, Inc. (Liberty Live Holdings), on December 15, 2025. This transaction effectively separates the businesses, assets, and liabilities previously attributed to Liberty Media's Liberty Live Group into an independent, publicly traded entity. As a result, Liberty Live common stock is being delisted from the Nasdaq. The company has entered into several agreements with Liberty Live Holdings to govern their ongoing relationship, including those related to tax sharing, services, facilities, and aircraft usage. Liberty Media also transferred certain rights and obligations related to Live Nation Entertainment, Inc. to Liberty Live Holdings. The filing includes pro forma financial statements to reflect the impact of this significant disposition.
Key Highlights
- 1Completion of the split-off of Liberty Live Holdings, Inc. on December 15, 2025.
- 2Liberty Live Holdings is now an independent, publicly traded company.
- 3Liberty Live common stock (formerly part of FWONK) has been delisted from Nasdaq.
- 4Key agreements, including Reorganization, Tax Sharing, Services, Facilities Sharing, and Aircraft Time Sharing, have been established between Liberty Media and Liberty Live Holdings.
- 5Transfer of certain rights and obligations related to Live Nation Entertainment, Inc. to Liberty Live Holdings.
- 6Unaudited pro forma condensed consolidated financial statements reflecting the disposition have been filed.