Spotlight: Soros Raises EarthLink Stake to 15.48%

Billionaire George Soros and his investment group raised their stake in Pasadena-based EarthLink Network Inc. to 15.48% from about 9% of common shares outstanding. They bought 539,000 shares on Jan. 22 at $13 each, or about $7 million, according to the Securities and Exchange Commission. The Internet service provider sold 2 million shares in an initial public offering Jan. 22 at $13 each. Soros’ group, Quantum Industrial Partners, held 9% before the IPO.