Company: LBTYK
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0001570585-25-000021
Chunk: 104

Company: Liberty Global Ltd.
Filing Date: 2025-02-18
Form: 10-K
Item: Item 9C
Chunk 104
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 is accounted for at fair value and the associated gains or losses are included in realized and unrealized losses due to changes in fair values of certain investments, net, in our consolidated statements of operations. At December 31, 2024 and 2023, interest accrued on our debt securities, which is included in other current assets on our consolidated balance sheets, was $7.2 million and $34.6 million, respectively.(i)In connection with our investment in Vodafone, we entered into a share collar (the Vodafone Collar) with respect to the Vodafone shares held by our company. The aggregate purchase price paid to acquire our investment in Vodafone was partially financed through borrowings under a secured borrowing agreement (the Vodafone Collar Loan) collateralized by the Vodafone shares. Under the terms of the Vodafone Collar, the counterparty has the right to re-use pledged Vodafone shares. At December 31, 2024 and 2023, the net fair value of our investment in Vodafone was $89.3 million and $115.5 million, respectively.(j)Our investment in Plume includes warrants with a fair value of $24.5 million and $61.3 million at December 31, 2024 and 2023, respectively. (k)We completed the sale of our investment in Pax8 during the fourth quarter of 2024.(l)We completed the sale of our investment in Lacework during the third quarter of 2024.(m)The purchase and sale of investments are presented on a gross basis in our consolidated statements of cash flows, including amounts associated with SMAs.

II-71

LIBERTY GLOBAL LTD.Notes to Consolidated Financial Statements — (Continued)December 31, 2024, 2023 and 2022

Equity Method InvestmentsThe following table sets forth the details of our share of results of affiliates, net: Year ended December 31, 202420232022 in millionsVodafoneZiggo JV (a)$(69.3)$(196.7)$241.2 AtlasEdge JV(40.9)(31.1)(23.3)Formula E (b)(29.1)(19.4)(20.2)VMO2 JV (c)(29.0)(1,723.1)(1,396.6)All3Media (d)(15.5)4.0 (10.0)