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Comcast stock popped more than 3% premarket before paring gains. Shares closed the trading day up 1.6% to roughly $43. The company said it is looking to complete the spin-off in one year.
Comcast is offloading most of its cable properties in a move that signals more industry M&A to come. ... "It does make sense to split out the linear assets, or most of the linear assets," Bank of ...
Comcast stock was up about 2% in premarket trading, to over $43/share, off its 52-week high of $47.11. In regular trading, Comcast shares closed up 1.6% Wednesday as major market indexes were flat ...
Under the deal, Comcast would acquire Time Warner Cable by exchanging each of Time Warner Cable's current 284.9 million shares for 2.875 shares of Comcast's CMCSA stock. [6] In addition, Comcast would divest 1.4 million Time Warner Cable subscribers to Charter Communications for about $7.3 billion, and divest 2.5 million subscribers to a new ...
QVC: Comcast sold its majority stake to Liberty Media in 2003 Speed Channel : joint venture with Cox Communications and Fox Entertainment Group ; Fox acquired Comcast and Cox's stakes in 2001 Time Warner Entertainment (26%, with Time Warner Inc.): Comcast sold its 26% stake to Time Warner Inc. (now Warner Bros. Discovery ) in 2003.
Comcast stock ticked more than 3% higher on the heels of the report, which saw the company beat on both the top and bottom lines. According to Comcast, the possible spin-off would create "a new ...
Acquisition of NBC Universal by Comcast The logo of Comcast from late 2006 to 2013 NBCUniversal logo as of January 31, 2011 Alternate NBCUniversal logo, created after the company's takeover and featuring Comcast's updated NBC peacock logo to promote its ownership Initiator Comcast Target NBC Universal from GE Type Majority stake (until March 2013) Full acquisition (from March 2013) Cost US$ 13 ...
Shares of the company were off less than 1% after the announcement that Comcast would separate its entertainment and news channels, including USA Network, Oxygen, E!, Syfy and Golf Channel, into a ...