For The Record

Liberty Initiates $935M Tender for Convertible Debt

ENGLEWOOD, COLO. — Liberty Global announced an exchange
offer for any and all of its outstanding 4.5% convertible senior
notes due 2016.

The notes, which are convertible into shares of Liberty
Global’s Series-A common stock and Series-C common stock,
have an outstanding aggregate principal amount of $935.0
million. Holders who elect to exchange their notes in the exchange
offer will receive, 28.2602 shares of Series-A common
stock, 9.4201 shares of Series-C common stock and cash in
the amount of $200, for each $1,000 principal amount of the
notes. In addition, those shareholders will receive an amount
equal to accrued but unpaid interest payable in cash.

The exchange offer is scheduled to expire at 5 p.m. New
York time on June 15 and settlement is expected to occur on
June 20, unless the offer is extended by Liberty Global.

Comcast Interactive to Fund Minority Businesses

PHILADELPHIA — Comcast Interactive Capital, the venture-capital
arm of the nation’s largest cable operator, said Thursday that
it will provide seed funding for five minority businesses
through a partnership with DreamIt Ventures.

The partnership, called the Minority Entrepreneur Accelerator
Program, is Comcast Interactive Capital’s first
investment initiative from the $20 million fund created by
the cable giant as part of its NBCUniversal joint venture,
part of a commitment to expanding opportunities for minority
entrepreneurs.

Comcast Interactive Capital and DreamIt are now accepting
applications and will select five minority-led startups to
participate in DreamIt’s three-month accelerator program
taking place in Philadelphia this fall. The deadline for applications
is July 8 and the program will commence on Sept. 9.

Comcast and DreamIt also named William Crowder as
managing director for MEAP. Applicants who are accepted
into MEAP will be a part of DreamIt’s broader Fall 2011 initiative
in Philadelphia. At the end of the three-month period,
the startups will have the opportunity to pitch to venture
capital and angel investors at a demo day in Philadelphia to
secure further funding to create a sustainable business.