Liberty Media buys back stock from Comcast

|About: Comcast Corporation (CMCSA)|By:, SA News Editor

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.