Malone: Liberty Media "Open" to Swap of Time Warner Stake for AOL Dial-Up; Satellite TV Merger "Problematic"
Liberty Media (LCAPA) is “open” to swapping its stake in Time Warner (TWX) for AOL’s dial-up Internet access business, Liberty Chairman John Malone said Monday, Reuters reported.
Malone said there have not been any discussions on the concept so far, however.
“Clearly, an exit from the Time Warner equity stake into a cash-generating asset would be attractive, but at the current time, none have been proposed that we could take action on,” Malone said on a conference call with analysts.
Liberty owns about 103 million shares, or 2.8 percent of Time Warner.