Examples of Interactive Group in a sentence
Subject to the applicable terms of any Preferred Stock Designation, dividends on the Liberty Interactive Common Stock may be declared and paid only out of the lesser of (A) assets of the Corporation legally available therefor and (B) the Interactive Group Available Dividend Amount.
Each tracking stock issued in the restructuring is intended to track and reflect the economic performance of one of two newly designated groups, the Interactive Group and the Capital Group, respectively.
The assets and businesses Liberty has attributed to the Interactive Group are those engaged in video and on-line commerce, and include its interests in QVC, Inc.
Malone is expected to serve as Chairman of the new entity’s board, and Maffei is expected to serve as CEO.After the Capital Splitoff, Liberty will hold the businesses attributed to Liberty’s Interactive Group, consisting primarily of QVC, several e-commerce businesses (including Evite, Gifts.com, BuySeasons, and Bodybuilding.com), and minority equity stakes in Expedia, the Home Shopping Network (“HSN”), and Tree.com (which operates Lending Tree).
On November 9, 2005, Liberty announced the creation of two tracking stocks, one for Liberty’s Interactive Group and the second for Liberty’s Capital Group.
This resulted in Liberty’s assets being divided between three tracking stock groups, the Interactive Group, the Entertainment Group, and the Capital Group.
While the Interactive Group and the Capital Group have separate collections of businesses, assets and liabilities attributed to them, neither group is a separate legal entity and therefore cannot own assets, issue securities or enter into legally binding agreements.
On August 1, 2014, the Corporation completed the acquisition of Stars Interactive Group (the “Stars Interactive Group Acquisition”), which was partly financed through the issuance of long-term debt, allocated into first and second lien term loans.
At the time of the merger that investment was attributed to the Interactive Group.
The term "Interactive Group" does not represent a separate legal entity, rather it represents those businesses, assets and liabilities which Liberty has attributed to that group.