Deals
Liberty Said Close to Buying Charter Communications Stake
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John Malone’s Liberty Media Corp. is close to a deal to acquire 25 percent of Charter Communications Inc. from its private-equity investors, according to a person familiar with the situation.
The firms include Apollo Global Management LLC and Oaktree Capital Management LP, Charter’s largest shareholders, said the person, who asked not to be named as the process is private. The stake was worth $2.48 billion at today’s closing price.