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  "documentTitle": "5 IBD presentation 2017 HSN Inc. Centerview Partners",
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  "presentationDate": "2017-01-01 00:00:00",
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  "notes": "The slide uses a matrix structure to compare three distinct M&A cases across two dimensions: Situation Overview and Implications for Hero.",
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      "text": "Details on Formula One, SiriusXM, and zulily transactions including deal structure, equity values, and strategic rationale.",
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      "text": "Source: Company filings, press releases. (1) Calculated at time of transaction announcement. (2) Based on the undiluted share count as of July 31, 2016 and is inclusive of the dilutive impact of the $351mm exchangeable debt instrument.",
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      "text": "Matrix comparing Formula One, SiriusXM, and zulily acquisitions across Situation Overview and Implications for Hero.",
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      "text": "Recent Liberty Acquisition Situations, e.g., Formula One and SiriusXM, Demonstrate Liberty's Preference for Using Tracking Stock as Acquisition Currency at a Low Premium",
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      "text": "Key Takeaways From Recent Lion Acquisition Situations",
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