OK, William i don't mind wiping a little egg off myself on a day like this. But Liberty still owns 96% of those Actv shs.
biz.yahoo.com
TCI Music Receives Proposal from Liberty
On April 5, 1999, a proposed transaction was announced between Liberty and TCI Music whereby Liberty would contribute substantially all of its directly owned internet and interactive television assets to TCI Music in exchange for 128,755,360 newly issued shares of TCI Music's Series B common stock. The assets proposed to be contributed in the transaction included the following:
Public Assets:
-- priceline.com Incorporated common shares (Nasdaq: PCLN - news; 2.5 million
shares)
-- iVillage Inc. common shares (Nasdaq: IVIL - news; 753,864 shares)
-- ACTV, Inc. shares (Nasdaq: IATV - news; 2.5 million shares and 2.5 million
warrants)
-- Sportsline USA, Inc. common shares (Nasdaq: SPLN - news; 533,334 shares)
Private Assets:
-- Liberty Digital's bandwidth rights with AT&T to provide interactive
video to AT&T cable systems under an agreement entered into in
connection with the AT&T Merger.
-- Other interests in interactive investments including: Drugstore.com
(online pharmacy) (1.5% interest), The Lightspan Partnership, Inc.
(8% interest), Academic Systems Corporation (5% interest), iBeam
Broadcasting Corporation (6.6% interest), Interactive Pictures
Corporation (4% interest), TE Network, Inc. (approximately 20%
interest), KPCB Java Fund, L.P. (5% interest), and Digital Health Group
(100%).
Liberty would agree to loan $50 million to TCI Music pursuant
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