John Malone has acquired more stock of Discovery
A regulatory filing Monday showed that the media mogul on Thursday bought 2.67 million shares of Discovery Class C stock for $28.03, or around $75 million overall, boosting his direct ownership of Class C stock to more than 10.3 million shares. Including stock held by his spouse and a trust, Malone has nearly 12.2 million of these Discovery shares.
The mogul's economic stake in Discovery has been at around 3 percent, and the stock he acquired last week is non-voting stock, but his economic stake in the company is higher at around 23 percent thanks to super-voting shares.
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