No matter who prevails in the fight to control Sky Plc, hedge fund legend Seth Klarman is set to come out a winner.
Klarman’s Baupost Group is the second-largest shareholder in Britain’s top pay-TV provider, with a stake worth 1.2 billion pounds ($1.6 billion), according to data compiled by Bloomberg. The stock, up more than 50 percent this year, rose again Thursday as Rupert Murdoch’s 21st Century Fox Inc. and Comcast Corp. engage in a full-blown bidding war for the media firm.
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