Liberty Withdraws $1.16B Offer For 40% Of IHeartMedia

Published: 21/06/2018
Liberty Withdraws $1.16B Offer For 40% Of IHeartMedia
Source: WWW.LAW360.COM

Liberty Media has taken a much talked-about $1.16 billion offer for a 40 percent slice of iHeartMedia off the table, according to a Thursday court filing, leaving the bankrupt radio giant with no outside funding source as it seeks to cut $10 billion from its swollen balance sheet.

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