Liberty Media Won’t Condition Atlanta Braves Splitoff on Ruling

Liberty Media said it will no longer condition the split-off of Atlanta Braves Holdings on the receipt of a ruling from the IRS and intends to proceed with its plan to complete the transaction.

• IRS informed Liberty Media by letter dated March 15 that, in the general interest of sound tax administration, the IRS was declining to provide the requested ruling until certain issues were resolved
• Liberty Media confirmed with its tax counsel, Skadden, that the IRS decision not to provide a ruling at this time did not affect Skadden’s view that the ATB Requirement will be satisfied

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