is liberty really exiting? or are they just optimizing their ownership of siri and closing the discount? can you really argue that this optimization transaction is a signal that they believe siri is starting to melt? for the last several years the structure has been a huge impediment to creating value on the liberty side. the structure w…
is liberty really exiting? or are they just optimizing their ownership of siri and closing the discount? can you really argue that this optimization transaction is a signal that they believe siri is starting to melt? for the last several years the structure has been a huge impediment to creating value on the liberty side. the structure was holding back siri too, so there was likely big push back from that side of the table to get this done now.
Legally one could argue about "Liberty exiting"; but on a practical level, Liberty Media -- John Malone's creation -- isn't truly exiting unless John Malone (and his family/foundations, etc.) were to divest the roughly 36% of New SiriusXM that he will control, post-closing.
yeah, that's how I see it. also, Berkshire (ted) is "entering" and in a massive way. This is not liberty moving off the investment. It's ditching the disastrous structure that has held value creation back.
is liberty really exiting? or are they just optimizing their ownership of siri and closing the discount? can you really argue that this optimization transaction is a signal that they believe siri is starting to melt? for the last several years the structure has been a huge impediment to creating value on the liberty side. the structure was holding back siri too, so there was likely big push back from that side of the table to get this done now.
Legally one could argue about "Liberty exiting"; but on a practical level, Liberty Media -- John Malone's creation -- isn't truly exiting unless John Malone (and his family/foundations, etc.) were to divest the roughly 36% of New SiriusXM that he will control, post-closing.
yeah, that's how I see it. also, Berkshire (ted) is "entering" and in a massive way. This is not liberty moving off the investment. It's ditching the disastrous structure that has held value creation back.