Report: Malone Nearing QVC Buy - TheStreet

John Malone's

Liberty Media

(L) - Get Report

reportedly is nearing an agreement to purchase the 58% of


it doesn't own from




The intensifying talks, reported by


, come while Liberty simultaneously pursues the entertainment division of

Vivendi Universal

(V) - Get Report


The QVC overture is consistent with recent moves by Liberty to gain controlling stakes in the companies it invests in. Liberty is trying to avoid being categorized by the government as an "investment company," a status that carries negative tax consequences.