Liberty Media Corporation Completes Acquisition of FUN Technologies Inc.
TORONTO - December 21, 2007 - Liberty Media Corporation (Nasdaq: LCAPA/B, LINTA/B) ("Liberty") and FUN Technologies Inc. ("FUN") (TSX:FUN) (AIM:FUN) today announced the completion of the previously announced arrangement (the "Arrangement") under which Liberty Genius, Inc., an indirect wholly-owned subsidiary of Liberty, acquired all of FUN's issued and outstanding common shares for a cash price of GBP 1.75 per share, without interest. Under the Arrangement, registered FUN shareholders with Canadian addresses reflected on FUN's common share register will instead receive CDN$3.50 (without interest), representing the Canadian dollar equivalent of the GBP 1.75 consideration, based on the exchange rate in effect at the close of trading on the second business day prior to the completion of the transaction.
It is expected that FUN's common shares will be de-listed from the Toronto Stock Exchange at the close of business on December 24, 2007, and will be cancelled from admission on the AIM Market of the London Stock Exchange at 7:00 am (London time) on December 27, 2007, provided that the last trading day for FUN's common shares on AIM will be December 24, 2007.
About Liberty Media Corporation
Liberty Media Corporation owns interests in a broad range of electronic retailing, media, communications and entertainment businesses. Those interests are attributed to two tracking stock groups: the Liberty Interactive group, which includes Liberty's interests in QVC, Provide Commerce, IAC/InterActiveCorp, and Expedia, and the Liberty Capital group, which includes Liberty's interests in Starz Entertainment, News Corporation, and Time Warner. For more information, please see http://www.libertymedia.com.
About FUN Technologies
FUN Technologies Inc. is one of the world's leading providers of online and interactive casual and fantasy sports games and sports information. FUN is an indirect wholly-owned subsidiary of Liberty Media Corporation, and FUN's common shares are listed on both the Toronto Stock Exchange and the AIM Market of the London Stock Exchange under the symbol "FUN."
For further information:
John Orr
Liberty Media Corporation
12300 Liberty Blvd.
Englewood, CO 80112
+1-720-875-5622
Web site: http://www.libertymedia.com
Alison Rynak, Vice President, Corporate Communications
FUN Technologies
+1 617.614.3734
arynak@funtechnologies.com