Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Tiger Global Purchases Stakes in Yahoo, Liberty Ventures

Nov. 14 (Bloomberg) -- Tiger Global Management LLC, run by Chase Coleman and Feroz Dewan, bought a stake in Yahoo! Inc. and boosted its holding in Priceline.com Inc., its largest U.S. -listed stock position, as it stepped up its bets on e-commerce.

Tiger purchased 8 million shares in Sunnyvale, California-based Yahoo valued at $265 million at the end of the third quarter, according to a filing today with the U.S. Securities and Exchange Commission.

The hedge fund-firm, which is based in New York and oversees $6.2 billion in assets, also acquired a stake in Liberty Ventures, which owns interests in video and Internet commerce businesses, valued at $61 million as of Sept. 30. It added a position in TripAdvisor Inc. worth $20 million.

Tiger bought 97,000 shares of Priceline, increasing its stake to $577 million at the end of the quarter, according to the filing. Carolyn Sargent, a spokesman for Tiger with Rubenstein Associates Inc., declined to comment on the filing.

To contact the reporter on this story: Saijel Kishan in New York at skishan@bloomberg.net

To contact the editor responsible for this story: Christian Baumgaertel at cbaumgaertel@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.