Comcast , QVC run with Web sports retailer

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Comcast Corp. and its QVC Inc. unit completed an investment in a sporting goods web retailer that fronts for better known sporting goods brands.

Comcast and its shopping networks subsidiary put up $40 million to buy four million Global Sports Inc.

The purchased stock includes three million newly issued shares and one million shares from an executive who cashed in, Chairman Michael Rubin. - John M. Higgins