The first was in June 1998, when it announced plans to merge with TCI.
TCI, then agreed to buy MediaOne, and finally agreed to sell the MediaOne stake to Microsoft.
Malone and Magness saw that if they didn't split TCI's cables from its content, Washington might.
New channels needed access to TCI's wires-and Malone wanted TCI to have stakes in new channels.
More than half of TCI's shareholders turned down the original opportunity to invest in Liberty.
New channels needed TCI's wires--and Malone wanted TCI to have stakes in new channels.
At 32 he quit to partner up with Robert Magness, a GI customer and chairman of TCI.
In the 1980s TCI bought up hundreds of cable systems, at times doing a deal a week.
For regular shareholders Malone got a 36% premium over the value of TCI before the deal was announced.
With 48% voting control of TCI and 41% voting control of Liberty, Malone was in a strong position.
You were supposed to send in 16 shares of TCI to get back just one share of Liberty.
"The board of ABN must allow the RBS consortium full access to conduct due diligence immediately, " TCI said.
In October 1997 Malone came up with another tracking stock, this one for a new subsidiary called TCI Ventures.
He then multiplied his Liberty holdings almost fourfold by also paying TCI an undisclosed sum for extra swap rights.
It is owned by Associated Group, controlled by longtime TCI shareholder Myles Berkman.
TCI, a system run as a sideline by Mr Hindery and controlled by John Malone, a famously tough strong-arm.
Thus Liberty Media was born in March 1991, to hold TCI's content properties.
Malone told programmers that they were better off if TCI owned a stake.
By 1990 TCI had 8.5 million subs and lorded it over the business.
At the time Malone controlled both TCI and Liberty, but he was betting more of his own dollars on Liberty.
For every 200 shares of TCI, shareholders get the right to swap 16 shares of TCI for 1 share of Liberty.
Malone transformed TCI Music, a publicly held Web investor that was 86% owned by Liberty, into a new entity, Liberty Digital.
But TCI's critics weren't quelled, and in 1993 Malone set plans to bail out, agreeing to sell TCI to Bell Atlantic.
Subsidiary companies include FortisAlberta, FortisBC, Newfoundland Power, Fortis Generation, Maritime Electric, Caribbean Utilities (59% owned), Fortis TCI, FortisOntario, and Fortis Properties.
You had to send in some of your TCI shares to participate, but this time everyone elected to swap, including Malone.
After 26 years at TCI and a decade of being vilified as cable's Darth Vader, Malone seemed to be cashing out.
So TCI ordered its systems to pull Learning, prompting Lifetime to retreat.
When Malone arrived, TCI was a top-10 cable operator, with 400, 000 subscribers.
Malone had 48% voting control of TCI and 41% voting control of Liberty, and he was in a position to extract good terms.
At 32 he quit to partner up with Robert Magness, a GI customer and chairman of TCI, which by then had 400, 000 cable TV subscribers.
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