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Scotiabank analyst Maher Yaghi downgraded Comcast Corp (NASDAQ:CMCSA) from Sector Outperform to Sector Perform and lowered the price target from $48 to $44.50. Comcast announced a new strategy to ...
Comcast shares gained 1.6% Wednesday to close at $42.99. Sign up for our Wide Shot newsletter to get the latest entertainment business news, analysis and insights. This story originally appeared ...
Brian L. Roberts. Comcast is described as a family business. [19] Brian L. Roberts, its chairman and CEO, is the son of founder Ralph J. Roberts (1920–2015). Roberts owns or controls about 1% of all Comcast shares but all of the Class B supervoting shares, giving him an "undilutable 33% voting power over the company". [20]
Comcast shares closed down nearly 10% Monday after Dave Watson, president and CEO of Comcast Cable, said the company expects broadband subscribers to decline by over 100,000 in the current quarter.
The $132.50 per share offer, just above TWC's closing price at $132.40 on January 13, was rejected. [37] On February 13, 2014, Time Warner Cable accepted an offer of $158.82 per share from Comcast, avoiding a hostile takeover situation from Charter. [38] [39]
QVC: Comcast sold its majority stake to Liberty Media in 2003 Speed Channel : joint venture with Cox Communications and Fox Entertainment Group ; Fox acquired Comcast and Cox's stakes in 2001 Time Warner Entertainment (26%, with Time Warner Inc.): Comcast sold its 26% stake to Time Warner Inc. (now Warner Bros. Discovery ) in 2003.
Comcast said in late October that it had begun to explore spinning off its cable TV networks into a separate business, sending the stock up more than 3% the same day, Yahoo Finance’s Alexandra ...
Acquisition of NBC Universal by Comcast The logo of Comcast from late 2006 to 2013 NBCUniversal logo as of January 31, 2011 Alternate NBCUniversal logo, created after the company's takeover and featuring Comcast's updated NBC peacock logo to promote its ownership Initiator Comcast Target NBC Universal from GE Type Majority stake (until March 2013) Full acquisition (from March 2013) Cost US$ 13 ...