Burns said no buybacks for 3 days after ER, which I presume means mgmt can restart buybacks on Wednesday. Approval of 250 million for buybacks doesn't mean there is 250 million already set aside, but that 250 million has been approved over a set period of time.
Hopefully, mgmt will use available cash for buybacks wisely. IMO, they owe us big time.
Liberty Media Corp. plans to carve up its assets into three tracking stocks in an effort to raise capital and better highlight the performance of Sirius XM Satellite Radio and other interests.
Liberty plans to reclassify shares of Liberty Media into three tracking stock groups: Liberty Sirius Group, Liberty Braves Group and Liberty Media Group. The tracking stocks are expected to launch in the first half of next year, subject to Liberty Media shareholder approval.
According to CNBC. Why doesn't Apple put some of that money to good use? I'd suggest getting in the content business. For example: Hulu + Lionsgate = Netflix' worst nightmare as Netflix has to buy it's "Original" content. Hulu + Lionsgate could be bought for under $15 Billlion and you'd have a streaming service that creates it's own content.
China's Dalian Wanda Group will buy a controlling stake in Hollywood film studio Legendary Entertainment in a deal valued at $3.5bn (£2.4bn).
The announcement, made at a press conference by both firms in Beijing, comes after a week of rumours about a possible deal.
Wanda is the world's biggest movie theatre operator with a majority stake in the US chain AMC.
The rapidly growing group is led by China's richest man Wang Jianlin.
Mr Wang has been looking to buy a Hollywood studio for several years and was reported to be in talks with DreamWorks Animation last year, but a deal was not announced.
Legendary is the maker of blockbuster hits such as Jurassic World, the Dark Knight Batman trilogy and Godzilla.
Chairman and chief executive Thomas Tull, who also started the company, will remain as the head of the studio.