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Liberty Media Corp., the entertainment and Internet retailing company controlled by billionaire John Ma lone, purchased 14 million shares of IAC/InterActiveCorp to raise its stake to 30 percent. IAC, the Barry Diller company that plans to split into five companies, bought back 6 million of its own shares as part of the transaction, Englewood-based Liberty Media said Friday.
An unidentified investor agreed to sell Liberty the stock at $24.25 a share, or $339.5 million.
