Liberty Media Buys Ascent

10/24/1999 8:00 PM Eastern

Liberty Media Buys Ascent

Denver -- Liberty Media Group agreed to buy Ascent Entertainment Group Inc., apay-per-view service provider to the hospitality industry, in an all-stock deal valued atabout $514 million.

Ascent owns a majority stake in On Command Corp., which owns SpectraVision. On Commandreaches about 1 million hotel rooms across the country.

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