SCHEDULE 13G/A: Linonia Partners Amends Liberty Media Live Stake
Beneficial Ownership Disclosure
Linonia Partners Fund LP and related entities filed an amended Schedule 13G, disclosing a 9.0% beneficial ownership in Liberty Media Corporation's Series C Liberty Live Common Stock.
Summary
- Linonia Partners Fund LP, along with The Linonia Partnership LP, The Linonia Partnership GP LLC, and Philip Uhde, collectively reported beneficial ownership of 5,703,902 shares of Liberty Media Corporation's Series C Liberty Live Common Stock.
- This ownership represents 9.0% of the class of securities.
- The percentage is based on 63,633,585 shares issued and outstanding as of October 31, 2024, as reported in Liberty Media Corporation's 10-Q filed with the SEC on November 12, 2024.
- This filing is an Amendment No. 2 to a Schedule 13G, primarily filed solely to correct the CIK (Central Index Key) of Liberty Media Corporation.
- The reporting persons share both voting and dispositive power over all 5,703,902 beneficially owned shares.
Sentiment
Score: 5
Explanation: The filing is a routine administrative amendment to correct a CIK number and update beneficial ownership, which is neutral in sentiment.
Future Outlook
NA
Management Comments
- This amendment is being filed solely to correct the CIK of Liberty Media Corporation.
- The reporting persons disclaim beneficial ownership of the shares reported herein except to the extent of their pecuniary interest therein, if any.
- The securities were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer, other than activities solely in connection with a nomination under Rule 14a-11.
Industry Context
NA
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant institutional investor's stake in the company and clarifies administrative details.
Key Dates
| Date | Description |
|---|---|
| 09/30/2024 | Date of event which required the filing of this statement. |
| 10/31/2024 | Date as of which 63,633,585 shares of Series C Liberty Live Common Stock were issued and outstanding, as reported by the Issuer. |
| 11/12/2024 | Date Liberty Media Corporation's 10-Q was filed with the SEC, providing the shares outstanding figure. |
| 10/20/2025 | Date of signing for the Schedule 13G Amendment No. 2. |
Keywords
Liberty Media Corporation, Series C Liberty Live Common Stock, Linonia Partners Fund, Schedule 13G, beneficial ownership, institutional investor, equity stake, CIK correction
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