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A
tracking stock is a type of common stock that "tracks" or
depends on the financial performance of a specific business unit
or operating division of a company rather than the operations of
a company as a whole.
One tracking stock would be designated as the Liberty Braves
Group, one as the Liberty Media Group and the third as the
Liberty Sirius Group.
Liberty Media expects to complete the creation of the new
tracking stocks in the first half of 2016.
Media mogul and Liberty Media Chairman John Malone previously
used tracking stocks in 2012 to separate the home shopping
services assets of Liberty Interactive Corp from its digital
media assets.
Liberty Media shares closed at $41.03 on Wednesday.
(Reporting by Anya George Tharakan in Bengaluru; Editing by Maju
Samuel and Sayantani Ghosh)
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