Given his reputation as an astute investor, 'when John completely sells out, it is generally not a great sign,' says Pivotal Research Group analyst Jeff Wlodarczak.
Given his reputation as an astute investor,"when John completely sells out, it is generally not a great sign," says Pivotal Research Group analyst Jeff Wlodarczak.
"Is he really selling, or did he do this to get out of the standstill agreement he has with Rachesky and Liberty Global and Discovery, and he has a bigger agenda to acquire Lionsgate through Liberty Global and Discovery, or both?" asks one Wall Street analyst, who declined to be named. The standstill pact, basically a truce in a corporate M&A battle, came through assembling a 10 percent stake in Lionsgate via stock-swap deals between firms in his media orbit.
Whatever the next moves at Lionsgate, Malone has shown he's still hungry for deals. "The last I knew, he was focusing on Latin America either through Liberty Latin America or Liberty Global," media investor Dennis Leibowitz says.
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