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Harbinger Capital Acquires Big Chunk of Cablevision

08/15/2008

Harbinger Capital is now the fifth-largest outside shareholder of Cablevision Systems (CVC). The hedge fund manager has acquired more than 11 million shares of the cable operator. That’s 5 percent of the company.

Cablevision is mulling spinning off some of its assets.

Source

TV Week:Hedge Fund Gobbles Up Cablevision Stock

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