Monday, 24 October 2016
Last updated 50 min ago
Feb 18 2014 | 9:57am ET
In the wake of the Comcast Corp.-Time Warner Cable deal, activist hedge fund Jana Partners is investing in a cable mogul who was shut out.
The New York-based firm has taken a 5.5% stake in Liberty Interactive, headed by John Malone. Charter Communications, which is backed by Malone's Liberty Media, had sought to buy TWC, but its offer was rejected.
Liberty Interactive owns home-shopping network QVC Inc. and websites Evite and TripAdvisor, among others. The company said in October that it was planning to spin-off QVC and TripAdvisor.