IATV-ACTV Digital Convergence Software-HyperTV Message Board

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Technology Stocks : IATV-ACTV Digital Convergence Software-HyperTV

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To: Robert Cohen who wrote (1973)	4/13/1999 7:49:00 PM
From: Skip Jack	Read Replies (1) of 13157

April 13, 1999 Broadcasting & Cable's PR Liberty increases investment in ACTV Liberty Media Group is boosting its investment in interactive TV company ACTV in a move that gives Liberty options to acquire a 25% stake in ACTV. Under the agreement in principle between Liberty and ACTV, Liberty will invest an additional $9 million by exercising options to buy ACTV stock. That's in addition to the 10% stake in ACTV Liberty acquired in September 1998 for $5 million. That deal gave Liberty options to up its ownership stake by investing an additional $5 million. In going beyond that in its latest move, Liberty signals a heightened interest in ACTV's ability to incorporate interactivity into sports, music, and other programming. If Liberty exercises all options it would gain with the latest investment in ACTV, it would eventually invest more than $100 million in ACTV. ACTV is one of the investment holdings Liberty intends to contribute to TCI Music as it transforms that company into Liberty Digital, a subsidiary focused on Internet and interactive TV investments.

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