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At Liberty To Make A Sweeter iHeart Offer: February Terms Tossed

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In a 107-page document submitted Thursday with the Houston-based U.S. Bankruptcy Court considering its Chapter 11 restructuring petition, iHeartMedia revealed that the John Malone-led Liberty Media Corp. has withdrawn its offer to obtain a 40% equity interest in the company. But, iHeart is open to renewed talks and is chatting with other entities.

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