| Schedule of Available-for-sale Securities Reconciliation |
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September30,
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December31,
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2016
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2015
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amountsinmillions
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QVC Group
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Other investments
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$
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4
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4
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Total attributed QVC Group
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4
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4
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Ventures Group
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Charter Communications, Inc. (1)
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1,447
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NA
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Interval Leisure Group (2)
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286
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NA
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Time WarnerInc. (3)
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2
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284
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Time Warner CableInc. (1)
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NA
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994
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Other investments
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80
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71
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Total attributed Ventures Group
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1,815
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1,349
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Consolidated Liberty
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$
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1,819
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1,353
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(1)
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As discussed in note 2, in connection with the merger of Charter and TWC, Liberty exchanged, in a tax-free transaction, its shares of TWC common stock for shares of New Charter Class A common stock, on a one-for-one basis, and Liberty has granted to Liberty Broadband a proxy and a right of first refusal with respect to the shares of New Charter Class A common stock held by Liberty in the exchange.
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(2)
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On May 12, 2016, Interval Leisure Group (“Interval”) completed an acquisition which was accomplished, in part, through the issuance of additional Interval shares.As a result of the share issuance, Liberty’s ownership interest in Interval was reduced from 28.7% to 12.8%. Prior to the transaction, Interval was accounted for as an equity method investment.As a result of the transaction, Liberty does not have ability to exercise significant influence.Accordingly, Interval is classified as available-for-sale and is carried at fair value.
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(3)
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During the nine months ended September 30, 2016, Liberty sold approximately 4 million shares of Time Warner common stock for proceeds of $341 million.
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