Liberty Media stockholders approve Liberty Live Holdings split-off

Liberty Media Corporation (NASDAQ: FWONA, FWONK, LLYVA, LLYVK) stockholders approved the split-off of Liberty Live Holdings at a special meeting held December 5, according to a company statement.

The split-off will become effective at 4:05 p.m. Eastern time on December 15, 2025. Liberty Media will redeem each outstanding share of Liberty Live common stock for one share of corresponding Liberty Live Group common stock of Liberty Live Holdings on a one-for-one basis.

Following the split-off, Liberty Live Holdings expects to have approximately 25.6 million Series A shares, 2.5 million Series B shares, and 63.8 million Series C shares outstanding.

Liberty Media will voluntarily delist its Series A and Series C Liberty Live common stock from the Nasdaq Global Select Market and remove Series B shares from OTC Markets quotation. Trading will cease following market close on December 15, 2025.

Liberty Live Holdings' Series A and C shares will begin trading on Nasdaq under symbols "LLYVA" and "LLYVK" respectively, while Series B shares will trade on OTC Markets under "LLYVB," all starting December 16, 2025.

The company will reattribute $421.7 million in net asset value between its Formula One Group and Liberty Live Group before the split-off takes effect. Assets moving from Formula One Group to Liberty Live Group include interests in QuintEvents LLC, Meyer Shank Racing LLC, and a $171.7 million cash payment.

Assets moving from Liberty Live Group to Formula One Group include interests in Kroenke Arena Company LLC, Overtime Sports Inc., and Griffin Gaming Partners II LP.

Liberty Live Holdings will become an independent publicly traded company following the split-off, with principal assets including Liberty Media's shares in Live Nation Entertainment and interests in private assets including QuintEvents LLC.

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