Tag Archives: Comcast

AT&T sells its Hulu’s 10% part

Hulu announced it acquired the WarnerMedias (AT&T) 10% stake in the streaming platform. The transaction was valued in USD 1,430 million. With the acquisition, Hulu becomes the owner of Disney (which concentrates a 60% after formalizing the merger with Fox) and Comcast / NBCUniversal (30%). The sale of AT&T shares made Hulu to be valued [...]

AT&T could sell its 10% stake in Hulu

In a meeting with analysts, AT&Ts CFO John Stephens said the company is considering selling off its 10% stake in Hulu, the video streaming service, in order to reduce debt. AT&T owns that stake through WarnerMedia (formerly Time Warner) and according to recent estimates, it could be worth USD 930 million. This is a non-strategic [...]

Comcast CEO says price of Fox got “too high”

Comcast CEO Brian Roberts acknowledged in a conference with analysts that the company abandoned its pursuit of 21st Century Fox’s film and television assets, in direct competition with Disney, because the price was becoming “too high”. It was a unique opportunity, the executive said. We were very disciplined in our approach to it, but we [...]

Comcast pulls offer for Fox assets

Comcast announced that it has abandoned its plans to acquire Twenty-First Century Foxs entertainment assets to focus on its offer for Sky. Sources familiar with the companys thinking told Reuters that Comcast dropped its bid for the Fox assets because it was concerned the price was becoming too high. It was also worried how much [...]

US Justice Department approves Disney’s acquisition of Fox assets

The Walt Disney Company announced Wednesday that the Antitrust Division of the United States Department of Justice (DOJ) has cleared the pending acquisition by Disney of 21st Century Fox entertainment assets. As a condition of the deal, the DOJ said that Disney must sell off Fox’s regional sports networks. According to the consent decree, Disney [...]

Disney raises bid for Fox assets to USD 71.3 billion

Walt Disney Co. raised its bid for Twenty-First Century Fox’s assets to USD 71.3 billion, the companies announced in a press release today. This way, it exceeds Comcast’s USD 65 billion all-cash offer. The new offer is USD 38 a share, this is, USD 10 higher than Disneys first bid in December 2017. Comcasts last [...]

Comcast offers USD 65 billion for Fox assets

Comcast announced an offer of USD 65 billion for the assets that Twenty-First Century Fox agreed to sell to Disney for USD 52.4 billion. Comcasts bid came a day after a federal judge approved the merger of AT&T and Time Warner. In a letter delivered on Wednesday to Foxs Board of Directors, Comcast said, In [...]

Comcast expands international channel offerings

The US’s largest cable operator, Comcast, announced that it has expanded the number of international channels that are available to Xfinity TV customers by including 42 networks, among them Brazils Globo and Record TV. Coupled with the recent addition of Sling International on X1 platform, the new international experience on X1 now includes over 415 [...]

Fox shareholders to vote on Disney deal in July

Twenty-First Century Fox (21CF) announced that it has scheduled a shareholder meeting on July 10 to vote on Disney merger agreement. 21CFs board of directors recommends that stockholders vote in favor of the proposal. 21CF said that is aware of the press release of Comcast of May 23, 2018, in which the U.S. operator states [...]