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Looks like he sold a huge chunk of Qwest Communications - $540 million worth, give or take a few million - which has inquiring minds wondering what he's thinking. A mega-billionaire has lots of money to move around, of course, but remember that he has those movie production companies ("The Chronicles of Narnia: The Lion, the Witch and the Wardrobe" and "Ray"), and of course his Staples-related investments. As usual, he isn't talking.
More by Mark Lacter:
American-US Air settlement with DOJ includes small tweak at LAXSocal housing market going nowhere fast
Amazon keeps pushing for faster L.A. delivery
Another rugged quarter for Tribune Co. papers
How does Stanford compete with the big boys?
Those awful infographics that promise to explain and only distort
Best to low-ball today's employment report
Further fallout from airport shootings
Crazy opening for Twitter*
Should Twitter be valued at $18 billion?
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Mark Lacter created the LA Biz Observed blog in 2006. He posted
until the day before his death on Nov. 13, 2013.