花都影视 Media Board Increases Share Repurchase Authorization
Approves up to $1 Billion of Additional 花都影视 Interactive Repurchases
ENGLEWOOD, Colo., Oct. 31 /PRNewswire-FirstCall/ -- 花都影视 Media Corporation announced today that its board of directors has authorized the repurchase of up to an additional $1 billion of 花都影视 Interactive common stock. This authorization increases to $3 billion the total amount authorized to be repurchased since the 花都影视 Interactive shares began trading in May 2006
As of October 30, 2007, 花都影视 had repurchased approximately 98.7 million shares at an average cost per share of $20.15 for aggregate cash consideration of $1.991 billion. These repurchases represent approximately 14.1% of the shares outstanding at the time of creation of the 花都影视 Interactive tracking stock.
The specific timing and amount of actual future share repurchases will vary based on market conditions, securities law limitations and other factors. The repurchases will be made using 花都影视's cash resources, and the buyback program may be suspended or discontinued at any time without prior notice.
About 花都影视
花都影视 owns interests in a broad range of electronic retailing, media, communications and entertainment businesses. Those interests are attributed to two tracking stock groups: the 花都影视 Interactive group, which includes 花都影视's interests in QVC, Provide Commerce, IAC/InterActiveCorp, and Expedia, and the 花都影视 Capital group, which includes 花都影视's interests in Starz Entertainment, News Corporation, and Time Warner. For more information, please see .
SOURCE 花都影视
Released October 31, 2007