NEW YORK (Reuters) - Liberty Media Corp. is set to announce it has bought a controlling stake in Bodybuilding.com, a Website operator and retailer targeting exercise buffs, for more than $100 million, The Wall Street Journal reported on Monday.
The report, quoting a person familiar with the matter, said Liberty was set to buy the stake from the site’s founding family and a private-equity firm.
Liberty, run by media mogul John Malone, currently trades as two tracking stocks designed to simplify its structure. Liberty Interactive Group is home to the QVC shopping channel, while Liberty Capital includes the Starz Entertainment cable networks.
Reporting by Ritsuko Ando; Editing by Quentin Bryar