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Business: Billionaire James Packer looks to sell stakes in Magellan, SeekSource: Money Beat

- Last modified: August 21, 2013 at 9:18 AM

Australian billionaire James Packer is shuffling his portfolio, selling separate stakes in Australian job classifieds operator Seek Ltd.SEK.AU +4.16% and fund manager Magellan Financial GroupMFG.AU +1.83%, according to a person familiar with the matter.

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