Company
Comcast Corporation
NASDAQ:CMCSA
Comcast Corporation is a global media and technology company. The company provides broadband, wireless and video through Xfinity, Comcast Business and Sky; produce, distribute, and stream entertainment, sports, and news through brands, including NBC, Telemundo, Universal, Peacock and Sky; and brings theme parks and attractions to life through Universal Destinations and Experiences. Comcast Corp operates through two primary businesses, namely Connectivity & Platforms and Content & Experiences
136 stories · page 1 of 2
Sky calls for impact assessment on government media regulation
"We face a unique opportunity for the UK to be a global powerhouse of creative production"
Archive
Nasdaq rockets ahead at the close and all three major indices finish in the green
Wall Street rallied on Thursday afternoon as investors digested the release of gross domestic product data and another round of corporate earnings
Sky's value written down by a quarter as cost of living squeeze grips Europe
The strength of the dollar also affected the pay-TV broadcaster's numbers on translation
Comcast-owned NBCUniversal's CEO says simultaneous film releases is working well
Previously, studios made movies available just on the big screen before unveiling them to viewers on streaming services, which changed when lockdowns hit the world
Peacock and ROKU post underwhelming results in what some are calling a streaming recession
Reduced discretionary spending puts a stranglehold on subscription numbers
"Never say never" on ads says Netflix executive
CFO Spencer Neumann said ads weren't in its plans right now as other streaming platforms take leap to tier-based model
Archive
FIVE at FIVE: Shell regains top spot, Apple most valuable company ever, Covid and chill lockdown winners, and Next gives shareholders late Christmas present
Here’s Proactive’s round-up of the top financial stories of the day, with helpful links taking you direct to the news
Archive
US stocks rebound on GDP spike after massive sell-off
Data for the 3Q showed the US economy grew 33.1%, above expectations of 32% and reversing a 31.4% plunge in the second quarter
Netflix subscriber miss could place ITV in the takeover crosshairs
Analysts at Liberum said that the FTSE 100 broadcaster would be an "obvious" acquisition option for the streaming giant due to its substantial content production arm, ITV Studios
Rival streaming services could cost Netflix 65% of its viewing hours, says Wedbush
The launch of rival streaming services by the likes of Disney and NBCUniversal was expected to result in a slow bleed of content away from Netflix's service
Investments and investor services
AMC stock soars on record-breaking Avengers: Endgame ticket pre-sales
AMC sold more tickets for Endgame on day one than Avengers: Infinity War, Black Panther, Captain Marvel and Star Wars: The Last Jedi combined
Late Movers: Ford rises in extended trading after beating Street on revenue
Also in play in New York trading are Synchrony Financial and Procter & Gamble
Stocks close higher as positive earnings reports overshadow global economic concern
Verizon climbed after a report that the company’s media group was laying off 7% of its staff
Sky's contracts with Disney at risk after Comcast takeover
Berenberg said: "Disney missed buying Sky and competes with Comcast. Disney now doesn’t have any incentive to renew its programming deals with Sky unless it’s on extremely good financial terms”
James Murdoch steps down from Sky board after Comcast completes takeover
Comcast now owns 76.84% of Sky after successfully outbidding Fox in an auction to take over the broadcaster last month
UK culture minister urges Comcast to ensure Sky News independence after takeover
"We want to make sure (Comcast is) committed to Sky News in the long term and committed to its editorial independence," culture minister Jeremy Wright said
Comcast completes fourth largest bond sale ever to fund Sky deal
Comcast's bond sale is the fourth largest in corporate history behind issues from CVS Health Corp, Verizon Communications Inc and Anheuser-Busch InBev NV
Comcast to end Sky share purchases in the market after taking controlling stake
Comcast outbid Fox in a £27.9bn auction of Sky at the weekend
Sky bobs higher as Comcast reveals 30% holding after making market purchases, makes offer mandatory
The crossing of the 30% threshold means that the US cable giant must now offer to buy out other Sky investors at its offer price of 1,728p per share
Sky set to be acquired by Comcast for £30.6bn after Fox trumped in sealed-bid auction
Comcast bid 1,728p a share for control of the FTSE 100-listed firm, trumping a 1,567p-a-share offer by Fox, the UK Takeover Panel announced on Saturday
FTSE 100 surges higher as Brexit talks reach impasse; pound plunges
Around 4pm, the UK bluechip index was 109 points higher at 7,476, just easing back from the session peak of 7,495 after a strong week
Archive
Sky goes up for auction to end heavy week for company results
The UK's takeover panel said the bidding process will transfer into an auction phase from 5pm tomorrow until Saturday evening
Sky is not the limit, says UBS, as it downgrades the pay-TV giant to neutral
The bid battle might, perhaps, have made for a good mini-series in the style of "Dallas"; all it needs is an episode called "who custard-pied Rupert Murdoch?"
‘Sealed bids’ auction for Sky draws near as investors hold out for more money
If Sky’s two suitors, Fox and Comcast, don’t confirm their best and final offers by the end of this week, the UK Takeover Panel will hold a rare auction
Sky invests US$2mln in US-based content supply chain solutions provider SDVI
The company provides a cloud-based service that helps media companies manage resources and applications across their content supply chains, as well as analytics software
Sky could be up for auction if Takeover Panel intervenes in Comcast-Fox bidding war
Comcast and Fox have been battling it out to secure ownership of Sky and have until September 22 to revise their current bids
Comcast extends offer period for Sky amid bidding war with Fox
The offer period for Comcast's bid to buy Sky will now remain open for acceptances until September 12
UK takeover panel confirms 1,400p floor for possible mandatory Disney bid for Sky
Disney will only need to make the offer if it completes its purchase of assets owned by 21st Century Fox before Fox or Comcast succeed in taking control of the FTSE 100 broadcaster
21st Century Fox posts formal offer document for Sky takeover bid
The document effectively formalises a proposed bid by the media giant in July although Fox now intends to acquire the FTSE 100-broadcaster by way of a takeover
21st Century Fox given until Thursday night to increase bid for Sky
The deadline, enforced by takeover rules, means the media giant will have just days to trump Comcast’s £25.9bn bid for the FTSE 100 pay-TV broadcaster
UK Takeover Panel confirms Walt Disney would have to offer at least 1,400p a share to buy satellite TV broadcaster Sky
The Takeover Panel’s hearings committee subsequently examined that decision on July 27 after the regulator said that "various interested parties affected by the ruling" had asked for a review
Comcast drops 21st Century Fox bid to refocus on the pursuit of UK pay-TV firm Sky
Comcast's move leaves the field clear for the Walt Disney Company’s £71.3bn bid to win control of a swath of Rupert Murdoch’s Fox media assets
UK Takeover Panel rules Disney would need to make minimum bid of 1,400p per share for Sky
The UK Takeover Panel ruled Walt Disney would need to make a minimum bid of 1,400p per share for Sky if it succeeds in its bid to buy Twenty-First Century Fox
Investments and investor services
FTSE 100 firms on Friday as Trump's UK visit dominates headlines
In the currency markets, the pound gained 0.07% against the Euro and was up 0.11% against the US dollar
Sky up as investors bet Comcast's raised bid won’t be the last move in the battle with Fox
In early morning trading on Thursday, Sky shares were 2% higher at 1,524p, comfortably above the agreed Comcast cash offer pitched at 1,475p per share, and Sky’s previously agreed bid of 1,400p a share
Comcast bids $34bln for Sky, tops Fox’s offer
Comcast announced its cash offer has been recommended by Sky’s independent committee of directors and that it has committed financing required for the deal.
Sky bid saga continues as satellite broadcaster agrees to increased £24.5bn Fox offer
Fox’s new cash bid of 1,400p a share is an increase on its 1,075p per share agreed bid made in December 2016 and tops a rival 1,250p per share offer from Comcast Corp
FTSE 100 tumbles 1.3% lower as trade worries grip markets
The UK blue chip index dropped 100 points after the US said it was ready to impose tariffs on an extra US$200bn worth of Chinese goods
Sky higher on report Fox preparing new £25bn bid to top Comcast’s offer for the satellite broadcaster
The Financial Times said Fox’s new offer is expected to be at a premium to Comcast’s most recent bid of 1,250p a share, well above its 1,075p a share initial bid made in December 2016
Investments and investor services
FTSE 100 closes higher but off 6,700
The UK blue-chip benchmark closed around four points higher at 7,692
World Wrestling Entertainment lands a heavyweight deal for Raw and SmackDown
The five-year agreement with USA Network and Fox Sports triples the terms of the previous deal
Walt Disney ups earnings forecasts for Sky while hedge funds pressure regulator to up bid price
In an SEC filing on Tuesday, Disney said it expected Sky to make underlying earnings of £3.06bn in the year ending June 30 2020, up from its original forecast of £2.41bn
Dow jumps more than 100 points and breaks its 8-day losing streak
Oil giants Chevron and Exxon Mobil Corporation were the best-performing stocks on the Dow
Nasdaq posts a record close as media stocks continue climbing on merger talk
The Dow fell around 20 points as a decline in financial stocks overshadowed Walt Disney's gains
Clash of the (media) titans: What drove the Fox, Comcast, Disney bidding war over Sky?
What started out as a seemingly mundane takeover of the British broadcaster escalated into a massive bidding war between three media giants, but how did it get to that point?
Comcast trumps Disney with US$65bn cash bid for chunk of 21st Century Fox's assets
The new offer eclipses Disney's US$52.4bln all-stock deal
H&R Block shares roll much lower in pre-market, but Twenty-First Century Fox leaps
Also in the frame before the bell were telecoms firms Comcast Corp and Chinese telecoms ZTE Corp
21st Century Fox bid battle could kick-off after key US court ruling approved another mega-takeover
On Tuesday, a US Federal judge ruled that telecoms giant AT&T Inc. can proceed with its near US$85bn acquisition of Time Warner Inc, which traders believe will give a greenlight to other big deals
Comcast set to get 'unconditional' EU approval for Sky bid
The cable giant is reportedly offering US$31bn to buy the pay-TV channel while competing with Rupert Murdoch’s 21st Century Fox Inc
SeaChange International beats earnings estimates despite double-digit drop in revenue
The telecom company develops digital video systems for customers like the BBC and Comcast
Comcast preparing 21st Century Fox bid, to top Walt Disney's US$52.4bn offer
In a statement following media reports, Comcast said: "Any offer for Fox would be all-cash and at a premium to the value of the current all-share offer from Disney"
Comcast's takeover bid for Sky receives boost from Culture Secretary
Britain’s culture secretary Matt Hancock said the proposed merger between Sky and Comcast "does not raise concerns in relation to public interest considerations"
Investments and investor services
FTSE 100 propelled to new record close as pound weakens and Dow Jones breaches 25,000
FTSE 100 reached a new record close on Monday after achieving it last time on Thursday
Sky deputy chairman to focus on broadcaster’s takeover as Glencore grants him leave of absence
Sky is in the middle of a complex takeover battle, with 21st Century Fox, Disney and Comcast all looking to acquire the broadcaster
Twenty-First Century Fox misses on fiscal 3Q earnings, beats on revenue helped by cable TV segment
The company is in the process of selling off many of its assets in a deal with The Walt Disney Co
Comcast reportedly seeking support from banks to start a bidding war over 21st Century Fox assets
Rupert Murdoch may well like the idea of a bidding war for the assets he has agreed to sell to Walt Disney but as the Scots might say, Walt disnae ...
UK government to deliver its verdict on 21st Century Fox’s bid for Sky by June 13
The Competition and Markets Authority sent its assessment of the likely impact of the deal to UK media secretary Matt Hancock on Tuesday, giving him 30 working days to make a decision
Investments and investor services
The only way is down for equities as bond yields top 3%
The yield on US Treasury notes has risen above 3%, putting a bit of vim into the greenback. Equities, however, were set for another gloomy session with the Dow tipped to shed almost 100 points
Sky pulls recommendation for Fox takeover bid after higher offer from Comcast
Comcast said its offer of £12.50 per share for Sky represents a 16% premium to Fox’s £10.75 per share proposal
Sky delivers strong quarter ahead of expected Fox-Comcast bidding war
Sky said it remains on track for the full year but expects the consumer environment to "remain challenging"
Takeover regulator rules Walt Disney must make offer for whole of Sky if it succeeds in buying 21st Century Fox assets
The Takeover Panel also said Disney must match Fox's 1,075p a share takeover offer for the shares in Sky it does not already own
It’s a snow joke! Comedian Byron Allen snaps up Weather Channel for US$300mln
Allen, through his Entertainment Studios film and TV company, is buying “one of the most trusted and extremely important cable networks” in North America
21st Century Fox brings in Citibank to help finance Sky takeover
Bank of America had been among the original group of banks lined up to finance the US$15.5bn takeover, but its Merrill Lynch division is acting an advisor to Comcast, which recently unveiled a rival bid for Sky
Sky shares come down to earth a little as two brokers make diverse moves after Comcast bid
Liberum Capital upgraded its rating for the pay-TV group to ‘buy’ from ‘hold’ and increased its price target for the stock to 1,250p from 970p
Macy's Inc, Sempra Energy, Comcast Corp, Walt Disney Co and more - PRE-MARKET
Macy's is expected to report quarterly earnings before the bell
Here’s the news: Sky gets surprise £22.1bn cash bid from Comcast, trumping Rupert Murdoch's Fox offer
Comcast, which owns NBC and Universal Pictures, said in a statement that it is offering 1,250p per share to Sky investors, significantly higher than the 1,075p a share Fox bid
Investments and investor services
US stocks close strong, extend two-day win streak
CSRA shares surge more than 30% after a bid by General Dynamics
Fox stock seen higher on rumours Comcast may return with new approach
Disney's takeover has yet to be completed, whereas the WSJ suggested Comcast may return with a new approach
Strong demand for its high-speed internet helps Comcast beat Wall Street estimates with fourth quarter results
The addition of 350,000 new high-speed internet customers and a solid performance from the theme parks business more than offset a fall in video subscribers
The Boeing Company, Comcast, Twenty-First Century and more - AFTER HOURS
A look at some highlight stocks after hours in New York on Tuesday
Disney becomes sole suitor to buy Fox assets after Comcast bows out of bid
Disney is expected to announce it will acquire Fox’s assets as soon as this week