Liberty Media and Its Founder John Malone Complete Stock Exchange Transaction

Paul, Weiss advised Liberty Media Corporation founder John Malone on Liberty Media’s acquisition of all high-vote Series B common shares held by Malone-related entities in exchange for shares of the company’s low-vote Series A and non-voting Series C common stock. Liberty Media operates and owns interests in media, sports and entertainment businesses, including Formula 1 and MotoGP. Under the terms of the transaction, Malone has also moved out of his position as Liberty Media chairman emeritus and into a senior advisor role.

The Paul, Weiss team was led by corporate partners Robert Schumer, Michael Vogel, Lara Solomons and Matthew Abbott, and included partners Peter Byrne, Timothy Cruickshank, Kerri Durso, Michael Darby, Julie Ann Lamm, Nick Schwartz and Tony Rim; tax partners Brian Krause, Kiran Sheffrin and counsel Dhrumit Joshi; litigation partners Jaren Janghorbani, Andrew Gordon and Matthew Stachel; personal representation partner Alan Halperin; executive compensation partners Matthew Friestedt and Kristen Klein; intellectual property and entertainment partner Chuck Googe; and antitrust partner Jesse Solomon.