Tags: Laffont | Liberty Global | John Malone | AT&T

Laffont Says Liberty Global Could Climb Above $100 in Five Years

Monday, 05 May 2014 03:11 PM

Liberty Global Plc, the London-based cable company controlled by billionaire John Malone, could see its shares rise to above $100 over the next five years from about $42 today, said Philippe Laffont, founder of Coatue Management LLC.

“You have an awesome business at attractive price and the absolute best money maker over the past 40 years who controls the company,” said Laffont at the 19th annual Sohn Investment Conference in New York. “Then we’ll get a bonus with consolidation.”

He expects that Liberty Global will be acquired by Vodaphone Group Plc and that the merged companies may then be bought by AT&T Inc.

Coatue, with offices in New York and Menlo Park, California, focuses on global technology, media, telecommunications and consumer industries. Last month, Laffont, 46, said he plans to return as much as 35 percent of the money in his main $7 billion fund after it lost 7.4 percent in the first quarter.

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Liberty Global Plc, the London-based cable company controlled by billionaire John Malone, could see its shares rise to above $100 over the next five years from about $42 today, said Philippe Laffont, founder of Coatue Management LLC.
Laffont, Liberty Global, John Malone, AT&T
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2014-11-05
Monday, 05 May 2014 03:11 PM
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