Liberty to Offer Time Warner-Backed Debentures

Proceeds for general corporate purposes, including acquisitions
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Liberty Media said Thursday that it will offer senior debentures in a private offering redeemable for Time Warner shares that could be used for future acquisitions.

Liberty owns about 4.3 million shares, or less than  1% of Time Warner outstanding stock. In a statement Thursday the company said the debentures are redeemable for Time Warner stock, cash or a combination of both.

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