Comcast


US judge accepts AT&T Time Warner merger without conditions

A US Federal judge has ruled that AT&T’s US$85 billion acquistion of Time Warner is legal, without placing any conditions on the merger of the telecom and media giants. Shares in Time Warner jumped on the news. US District Court judge Richard Leon urged the US government not to seek a stay in implementing the […]

UK gov’t sets scene for Sky bidding war between Fox and Comcast

The UK government has approved 21st Century Fox’s proposed takeover of Sky on the condition that Sky News is divested, clearing the path for a Fox showdown with Sky’s other bidder, Comcast. In a statement to parliament yesterday, UK culture secretary Matt Hancock said that details will now be finalised over how Sky News can be divested “in […]

Fox sets shareholder vote on Disney

Fox has set a shareholder vote on July 10 to determine the $52 billion sale of 21st Century Fox assets to Disney. The move arrives one week after Comcast announced that it is prepared to outbid the mouse house with an all-cash offer. Fox has said that it could postpone the meeting should Comcast come […]

Netflix value surpasses Disney for the first time

Netflix stock market value rose to a record $153 billion on Thursday, temporarily surpassing Disney and making it the world’s most valuable media company for the first time. The streamer closed with a market capital of $141.8 billion, as Disney clocked off with $152.18 billion. The moment remains significant, highlighting the great strides Netflix has […]

TBI Weekly: Does Netflix outgrowing Disney/Comcast value mean TV domination?

In one week, Netflix has managed to make a landmark TV deal with the Obamas and surpass the market value of Disney and Comcast. By the end of Wednesday Netflix reached a record high market capitalisation of $152 billion, overtaking Comcast which received $147 billion and just below Disney which received $153 billion. By the […]

Comcast prepares all-cash offer for 21st Century Fox

Comcast has confirmed that it is considering making an all-cash offer for the Fox assets that have been offered to Disney for $52billion. In a statement, the corporation confirmed that it is, “considering, and is in advanced stages of preparing, an offer for the businesses that Fox has agreed to sell to Disney.” These assets […]

Comcast preps Fox offensive with new bid

Comcast isreportedly preparing a new bid for 21st Century Fox. Separately, the US cable and programming giant has notified the European Commission of its bid for Sky, according to reports. According to Reuters, Comcast has asked investment banks to extend a debt facility to the company by as much as US$60 billion, enabling it to make […]

TBI Weekly: Comcast joins the M&A race

This week, Comcast kicked off a bidding war by formally offering £22bn for Sky and subsequently making it very difficult for Rupert Murdoch’s Fox to take full ownership of the TV group. The offer, which trumps Fox’s £19bn bid and has been well received by independent board members at Sky, is Comcast’s move to compete […]

Comcast makes rival £22bn cash bid for Sky

Comcast has made a firm cash offer for Sky that values the pay TV operator at £22 billion (€25 billion), with a commitment to maintain annual expenditure on Sky News for at least 10 years and to establish an independent editorial board for the channel. The announcement, which accompanied Comcast’s Q1 results, puts the US […]

Comcast expands Netflix partnership with new bundle deal

Comcast has expanded its partnership with Netflix, with the US pay TV giant now set to offer Netflix subscriptions as part of new and existing Xfinity packages. Comcast said it will launch a variety of initial offers this month, handling Netflix-related billing so that customers can pay for the bundled offers through a single monthly […]

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