Activist investor Trian snags USD900m stake in Comcast

23 Sep 2020

Trian Fund Management, a US hedge fund with a reputation as an activist investor, has accumulated around 20 million shares in Philadelphia-based cable giant Comcast Corp for USD900 million, the Wall Street Journal reports, citing a person familiar with the matter. Comcast’s market value is understood to be in the region of USD200 billion, meaning Trian’s stake equates to less than 0.5% of the company’s total shareholding.

A spokesperson commented: ‘Trian believes Comcast’s stock is undervalued. We have recently begun what we believe are constructive discussions with Comcast’s management team and look forward to continuing those discussions.’

United States, Comcast Corp (Xfinity, incl. Xfinity Mobile)