Liberty Media Corp (FWONA): M&A transaction — Liberty Media completes split-off of Atlanta Braves Holdings; Braves now separate publicly traded company

Liberty Media Corp

Split-off completed July 18, 2023 at 5:00 p.m. ET; each Liberty Braves share exchanged for one share of Atlanta Braves Holdings.
Atlanta Braves Holdings Series A and C common stock to begin trading on Nasdaq July 19 under BATRA and BATRK; Series B on OTC.
Registration Rights Agreement requires Braves Holdings to register ~1.8M Series C shares issued to Liberty Media.
Liberty Media continues trading LSXMA/B/C and FWONA/K; Braves split-off makes Braves Holdings independent.
Liberty Media plans reclassification of common stock into Liberty Live tracking stock on August 3, 2023.

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Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Liberty Media Corp completed a disposition involving Atlanta Braves Holdings, Inc. (closed 2023-07-18).

Action: disposition
Counterparty: Atlanta Braves Holdings, Inc.
Closing: 2023-07-18

Exact text from the filing

On July 18, 2023 at 5:00 p.m., New York City time (the “Effective Time”), Liberty Media Corporation (the “Company”) completed its previously announced split-off (the “Split-Off”) of its former wholly owned subsidiary Atlanta Braves Holdings, Inc. (“Atlanta Braves Holdings”).

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Liberty Media Corp filing history →

Source: SEC EDGAR

accession 0001104659-23-082079

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