Deals
Malone Seeking Consolation Prize After Second Deal Defeat
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John Malone is getting used to losing.
The investor, dubbed the cable cowboy as he spent almost $50 billion consolidating Europe’s pay-TV businesses, was outmaneuvered for the second time in eight months after Comcast Corp. trumped his bid for Time Warner Cable Inc., agreeing to buy the second-largest cable company in a $45 billion deal. In June, Vodafone Group Plc beat out Malone’s Liberty Global Plc for Kabel Deutschland Holding AG with a $10 billion offer.