Activist Hedge Fund Takes a Stake in Comcast

Activist Hedge Fund Takes a Stake in Comcast

Activist investor Trian Fund Management has taken a $900 million stake in cable TV and entertainment titan Comcast (NASDAQ: CMCSA). Trian's initial stake was confirmed by a securities filing that showed it accumulated nearly 7.2 million shares to close out the second quarter. "We have recently begun what we believe are constructive discussions with Comcast's management team and look forward to continuing those discussions," a Trian spokesperson said.