NEW YORK, March 16 (UPI) -- Liberty Media Corp. Chairman John Malone says the media giant is planning to spin off its overseas operations, estimated at $5 billion.
The move is seen as a possible breakup of the company, which also has cable and interactive media holdings, The Wall Street Journal said.
Malone, who told the Journal that Liberty "ain't for sale," is Liberty's largest shareholder.
In 1999, Malone sold off cable network Tele-Communications Inc. to AT&T Corp., but the deal was not as lucrative as had been expected, since the company was sold in exchange for AT&T stock, which declined after the deal because of AT&T's cable acquisitions.
Liberty is valued at some $50 billion.
The international holdings include Liberty Cablevision of Puerto Rico and Pramer SCA of Argentina. Liberty holds stakes in UnitedGlobalCom and in Jupiter Programming and Jupiter Telecommunications, both of Japan.
