Malone said to be eying stake in MSO Charter


Charter CommunicationsAccording to reports, John Malone’s Liberty Media is close to purchasing a full quarter of the shares of Charter Communications. Liberty recently took a controlling stake in Sirius XM.

If the reported price of the buy is on par with the overall worth of Charter, then the MSO is worth $10B, because Liberty is said to be paying $2.5B for 25%.

For Malone it would mark a return to his roots – he was the founder of former cable giant Tele-Communications.

In addition to acquiring a majority of satellite radio service Sirius XM, Liberty recently sold its stake in program service Starz.

According to a Reuters report, after news of the possible buy got out the price of Charter stock went up while Liberty shares lost value.