Billionaire George Soros’ Long-Term Stock Picks

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2. Liberty Broadband Corporation (NASDAQ:LBRDA)

Number of Hedge Fund Holders: 25     

Soros Fund Management’s Stake: $86.6 million 

Liberty Broadband Corporation (NASDAQ:LBRDA) is a communications services firm. This company emerges as a prime investment opportunity for several reasons. First and foremost, as per the reports for the third quarter of 2024, the financial overview from the recent filing indicates a positive trajectory, with revenue increasing from $240 million in the third quarter of 2023 to $262 million in the third quarter of 2024, showing positive growth overall. Secondly, the company has agreed to merge with Charter Communications, which would aim to enhance shareholder value and operational synergies. The company would spin off its subsidiary, GCI, LLC, to its shareholders prior to the merger’s closing, which would help the company streamline operations and focus on core business areas.

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