December 1992
Initial Liberty investment in HSN
For purposes of the summary below, “Old Liberty” refers to the former Liberty Media Corporation (including its predecessors) which changed its name to Liberty Interactive Corporation on September 22, 2011, and subsequently changed its name to Qurate Retail, Inc. on April 9, 2018.
“New Liberty” refers to Liberty CapStarz, Inc. which changed its name to Liberty Media Corporation on September 22, 2011, in connection with the split-off transaction that occurred September 23, 2011, described below. "Liberty Live Holdings" refers to our company in its current form following the split-off from Liberty Media Corporation on December 15, 2025, described below.
Initial Liberty investment in HSN
HSN (IAC) acquires Ticketmaster
Old Liberty completes its restructuring and issues two new tracking stocks, Liberty Capital Group and Liberty Interactive Group (NASDAQ: LCAPA/B and LINTA/B, respectively)
Ticketmaster spun off from IAC into separately traded company
Ticketmaster and Live Nation merge
Liberty purchases 7.3m additional shares through subscription agreement, increasing ownership to 20.7%
Old Liberty completes the split-off of New Liberty, which held the businesses, assets, and liabilities formerly attributed to Old Liberty's Liberty Capital Group and Liberty Starz Group, New Liberty issues its Liberty Capital Group and Liberty Starz Group tracking stock (NASDAQ: LCAPA/B and LSTZA/B, respectively)
New Liberty completes the elimination of its tracking stock structure by converting each share of its Liberty Starz common stock into a fraction of a share of the corresponding series of Liberty Capital common stock
New Liberty's Series A and Series B Liberty Capital common stock begin trading under the new NASDAQ symbols LMCA and LMCB, respectively
Liberty Media purchases 9.5m additional shares through a forward contract, bringing ownership to 25.6%
Liberty Media acquires 3.3m additional shares through series of market purchases, increasing stake to 26.0%
Liberty Media acquires 1.7m additional shares via market purchase, increasing stake to 26.8%
Liberty Media acquires 15.9m additional shares through a forward contract, bringing total shares owned to 69.6m, and ownership stake of 34.4%
Liberty Media completes its restructuring into three new tracking stocks, Liberty Media Group, Liberty Braves Group and Liberty SiriusXM Group (NASDAQ: LMCA, LMCK, BATRA, BATRK, LSXMA, LSXMB, LSXMK; OTC: LMCB and BATRB). Liberty's Live Nation stake is 34.0%
Liberty Media acquires Formula 1, the iconic global motorsports business, for a total enterprise value of $8.0 billion (attributed to the Liberty Media Group tracking stock). Following the acquisition, the Liberty Media Group tracking stock is renamed the Formula One Group and the tickers are changed from LMCA/LMCB/LMCK to FWONA/FWONB/FWONK. Liberty's Live Nation stake is 33.5%
Liberty Media reattributes Live Nation and other assets and liabilities between the Formula One Group and the Liberty SiriusXM Group. Liberty's Live Nation stake is 31.9%
Liberty Media Corporation completes its reclassification into three new tracking stocks, Liberty SiriusXM Group, Formula One Group, and Liberty Live Group (NASDAQ: LSXMA, LSXMB, LSXMK, FWONA, FWONK, LLYVA, LLYVK; OTC: FWONB and LLYVB). Liberty's Live Nation stake is 30.2%
Liberty Media acquires Quint, an industry-leading provider of ticket and hospitality packages to sports and entertainment events globally. Quint is attributed to Liberty Media's Formula One Group tracking stock. Liberty's Live Nation stake is 29.8%
Liberty Media completes Split-Off of Liberty Live Group into Liberty Live Holdings, a separate publicly traded company. As a result of the Split-Off, Liberty and Liberty Live Holdings are separate publicly traded companies, and Liberty no longer has a tracking stock structure. Prior to the split-off, Quint and other private assets were reattributed from Liberty’s Formula One Group to Liberty’s Liberty Live Group