- Bloomberg reports Comcast (CMCSA) is close to a deal to sell 1.5M subs to Charter (CHTR), and plans to spin off another 2.5M into a new, publicly-traded company in which Charter will have a minority stake.
- Charter is expected to pay $20B in total. The company will also hand over 275K L.A. subs to Comcast, which stands to dominate the L.A. market should regulators sign off on the Time Warner Cable deal, as part of an asset swap.
- A deal could be announced this week, but sources caution talks could still fall apart. Reuters previously reported Charter is talking with Comcast about an $18B-$20B deal involving the acquisition of 3M subs.
From other sites
The Zacks Analyst Blog Highlights: Comcast, T-Mobile US, China Mobile and Telefonica - Press Releasesat Zacks.com (Fri, 9:30AM)
at Nasdaq.com (Fri, 9:00AM)
The Zacks Analyst Blog Highlights: Verizon Communications, AT&T, CenturyLink and Comcast - Press Releasesat Zacks.com (Thu, 9:30AM)
at MarketWatch.com (Wed, 1:00PM)
at MarketWatch.com (Wed, 12:57PM)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs