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The investment follows a handful of recent changes to Liberty's investment portfolio. In January, the company spun off its Starz premium pay TV channel subsidiary and boosted its stake in satellite radio company Sirius XM Radio Inc. to above 50 percent. It also increased its stake in concert promoter Live Nation Entertainment Inc. to 27 percent. Also as part of Tuesday's agreement, Liberty said it wouldn't increase its stake in Charter above 35 percent until January 2016 and 39.99 percent after that. Liberty also agreed to not fight for additional spots on Charter's board through the 2015 shareholder meeting and to continue to refrain from doing that as long as its picks are nominated to Charter's board or until the deal is terminated. In morning trading, Charter Communications Corp. shares added 98 cents to $99.02, while Liberty Media Class A shares rose 98 cents to $111.64.
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