Seeking Alpha

Liberty Media buys back stock from Comcast

  • Liberty Media (LMCA) says it completed a transaction with a subsidiary of Comcast (CMCSA) in which 6.3M shares of its common stock was repurchased.
  • Under the terms of the tax-free deal, Liberty Media gave up Leisure Arts Inc., $417M in cash, and its rights to a revenue-sharing agreement with CNBC.
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