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Liberty Media Corporation Announces Virtual Special Meeting of Stockholders in Connection with Liberty Live Group Split-Off

  • Liberty Media will hold a virtual special meeting for Series A (LLYVA) and Series B (LLYVB) holders on Friday, December 5, 2025, at 8:30 a.m. Mountain time.
  • Stockholders will vote on a proposal to separate the Liberty Live Group into a new public company named Liberty Live Holdings, Inc. via a redemptive split-off.
  • Prior to the split-off, assets & liabilities will be reattributed between the Formula One Group & the Liberty Live Group, with value details provided in a press release at closing.
  • Definitive proxy materials are expected to be filed on November 4, 2025, containing information on the split-off & the voting proposal.
  • The split-off is expected to close on December 15, 2025, assuming all conditions are satisfied following the stockholder vote.
  • The virtual meeting can be accessed via www.virtualshareholdermeeting.com/LMC2025SM or through the Liberty Media investor relations website webcast link.
  • The record date for the special meeting is 5:00 p.m. New York City time on Thursday, October 9, 2025.
  • Stockholders must use a 16-digit control number from their proxy card to enter the virtual meeting & a technical support number will be available 10 minutes prior to the start.
  • Liberty Media operates two tracking stock groups: the Formula One Group (including F1, MotoGP, Quint) & the Liberty Live Group (including Live Nation).
  • Key participants in the proxy solicitation include Chairman John C. Malone, CEO Derek Chang, & other board members & officers listed in the release.
  • The transaction will be executed pursuant to a Form S-4 registration statement, which will be mailed to eligible stockholders once declared effective.