Liberty Media (LMCA) higher on Charter deal
Liberty Media Corporation (NASDAQ: LMCA) shares took on 1.1% to $111.86, after entering into a definitive agreement with investment funds managed by, or affiliated with, Apollo Management, Oaktree Capital Management and Crestview Partners to acquire approximately 26.9 million shares and approximately 1.1 million warrants in Charter Communications, Inc. for approximately $2.617 billion, which represents an approximate 27.3% beneficial ownership in Charter and a price per share of $95.50. Share volume was 77,400.
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