Liberty Media spun off as AT&T begins four-way split

AT&T has announced it is to spin off Liberty Media Group as an independent traded company in the second quarter of 2001.

By Dominic Maher, 16 November 2000 13:25

NEWS The telecommunications giant said the move is in line with its recent decision to split the company into four. The spin off will see AT&T comply with one of the three conditions set by the Federal Communications Commission (FCC) in approving AT&T's merger with MediaOne. AT&T is also seeking confirmation from the Internal Revenue Service that the spin off will be tax free for itself, Liberty Media and the shareholders.

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