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


Burger King's Young Buns
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

Companies Mentioned

  • PCLN
    (Priceline Group Inc/The)
    • $1246.61 USD
    • 7.32
    • 0.59%
  • LVNTA
    (Liberty Ventures)
    • $71.37 USD
    • -0.03
    • -0.04%
Market data is delayed at least 15 minutes.
 
blog comments powered by Disqus