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Liberty Interactive Corporation Message Board

  • sam_0534 sam_0534 Dec 31, 2008 12:23 AM Flag

    ONE BILLION PROFIT

    Mr. Malone, well known for his complex deals to avoid taxes, could use the paper losses from the IAC sales to offset taxes on other gains. Liberty’s investment in Sprint Nextel Corp. could bring a $1 billion windfall next year. Recently, Liberty Media has written down the value of its IAC stock by $440 million in the third quarter, citing the “lack of near-term prospects for recovery” in its IAC investment.

 
LINTA
28.84-0.11(-0.38%)Jul 21 4:00 PMEDT

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