Bloomberg News

Coleman’s Tiger Global Takes Stakes in Yahoo, Liberty Ventures

November 14, 2013

Chase Coleman’s Tiger Global Management LLC bought a stake in Yahoo! Inc. and boosted its holding in Priceline.com Inc. (PCLN:US), its largest U.S.-listed stock position, as it stepped up its bets on e-commerce.

Tiger purchased 8 million shares in Sunnyvale, California-based Yahoo valued at $265 million at the end of the third quarter, according to a filing today with the U.S. Securities and Exchange Commission.

The hedge fund-firm, which is based in New York and oversees $6.2 billion in assets, also acquired a stake in Liberty Ventures (LVNTA:US), which owns interests in video and Internet commerce businesses, valued at $61 million as of Sept. 30. It added a position in TripAdvisor Inc. (TRIP:US) worth $20 million.

Tiger bought 97,000 shares of Priceline, increasing its stake to $577 million at the end of the quarter, according to the filing. Carolyn Sargent, a spokesman for Tiger with Rubenstein Associates Inc., declined to comment on the filing.

To contact the reporter on this story: Saijel Kishan in New York at skishan@bloomberg.net

To contact the editor responsible for this story: Christian Baumgaertel at cbaumgaertel@bloomberg.net


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Companies Mentioned

  • PCLN
    (Priceline Group Inc/The)
    • $1130.98 USD
    • 16.53
    • 1.46%
  • LVNTA
    (Liberty Ventures)
    • $32.07 USD
    • 0.30
    • 0.94%
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