Deals
Liberty Media Buys 5.2% Stake of Its Own Shares From Comcast
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Liberty Media Corp., John Malone’s holding company, purchased a 5.2 percent stake of its own stock from Comcast Corp. as part of a reshuffling of the billionaire’s assets.
Comcast received $417 million in cash, a newly created subsidiary of Liberty Media that holds Leisure Arts Inc., and Liberty Media’s rights to a revenue-sharing agreement relating to the carriage of CNBC, according to a statement today from Englewood, Colorado-based Liberty Media.