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Comcast Corporation (CMCSA)

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  • Nov. 30, 2009, 8:21 PM
    GE (GE) and Vivendi (VIVDY.PK) come together on a tentative $5.8B deal for Vivendi's 20% stake in NBC Universal - roughly in between the two firms' last best offers. A finalized deal would clear the key obstacle to selling a majority share in the network to Comcast (CMCSA).
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  • Nov. 25, 2009, 2:33 PM
    Clearwire (CLWR +5%) gathers another $920M in financing for a recent total of $2.8B, more than enough to reach its goal of providing 120M people with wireless 4G Internet by the end of next year. The funding adds fuel to an ambitious bet on WiMAX by Clearwire backers Sprint Nextel (S), Google (GOOG), Intel (INTC), Comcast (CMCSA), Time Warner (TWX) and others.
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  • Nov. 25, 2009, 2:03 PM
    As Vivendi (VIVDY.PK) and GE consider an IPO for Vivendi's NBC Universal stake that could scuttle a sale of the network to Comcast (CMCSA), Lacey Rose says the only thing worse than the deal is no deal at all. The three companies need the tie-up to happen; Vivendi's likely gouging as much as it can before freeing itself from the network.
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  • Nov. 23, 2009, 3:42 PM
    With right of first refusal, GE is reportedly leaning toward allowing an IPO of Vivendi's (VIVDY.PK) stake in NBC Universal, as talks over selling the unit to Comcast (CMCSA) stall. The annual window in which Vivendi could decide to sell ends Dec. 10; an IPO would likely scuttle GE's deal with Comcast.
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  • Nov. 23, 2009, 9:25 AM
    Talks between GE Corp. (GE) and Vivendi have reportedly ground to a halt as the two clash over how to assess the worth of NBC Universal, with a price difference of several hundred million dollars separating them. GE and Comcast (CMCSA) had hoped to announce a deal as early as Monday, but sources say this could now be at least a week away, or perhaps not at all if Vivendi decides to pursue an IPO of its 20% stake in NBCU rather than sell it back to GE.
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  • Nov. 20, 2009, 8:54 AM
    A quick sale of NBC Universal (GE) to Comcast (CMCSA) is a little further away, as GE and Vivendi (VIVDY.PK) reportedly differ on the value of the latter's stake in the network, by at least $1B. UBS analysts think a compromise is still likely.
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  • Nov. 19, 2009, 8:38 AM
    Vivendi's (VIVDY.PK) CFO says the company has no plans to be part of the future JV that Comcast (CMCSA) and General Electric (GE) are discussing. Selling its 20% percent stake in NBCU would give Vivendi "additional financial headroom" after it gained control of Brazil's telecoms operator GVT last week, he said, but cautioned, "we are not there yet."
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  • Nov. 16, 2009, 3:23 PM
    “We’ve been in the content business for a long time,” says Comcast (CMCSA) executive VP David Cohen, emphasizing it's "totally appropriate" for the company to own and distribute programming despite advocacy groups' objections. The company is in talks to buy NBC Universal (GE); Vivendi (who must sell its 20% for Comcast to take control) has no comment yet.
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  • Nov. 13, 2009, 2:46 PM
    "You're not going to see any midnight headlines coming from us," says News Corp. (NWS) President Chase Carey, shooting down notions that Rupert Murdoch would make a last-minute bid for NBC Universal (GE). Meanwhile, advocacy groups are trying to organize to block Comcast's (CMCSA) potential takeover of the network as anticompetitive.
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  • Nov. 10, 2009, 9:58 AM
    Clearwire (CLWR +1.4%) confirms it's raising another $1.5B. Sprint Nextel (S) will put up $1.18B; Comcast (CMCSA) $196M. Time Warner Cable (TWC) $103M. Intel (INTC) $50M. Eagle River $20M. And Bright House Networks $19M. Google (GOOG), also a key JV partner, took a pass. Clearwire will also sell $1.45B in senior secured notes to pay off an existing facility.
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  • Nov. 9, 2009, 9:25 AM
    After weeks of wrangling, GE (GE) and Comcast (CMCSA) reportedly agree to value NBC Universal at about $30B, and a deal to give Comcast a 51% stake in GE's media and entertainment arm could come as early as this week. It's still unclear whether 20% NCBU stakeholder Vivendi has signed off on the proposal.
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  • Nov. 9, 2009, 8:54 AM
    Sources say Sprint Nextel (S) and a number of its Clearwire JV (CLWR +6.9%) partners are preparing to pump another $1.5B or more into the wireless broadband provider. $1B of a new infusion would come from Sprint, with Comcast (CMCSA), Intel (INTC), Time Warner Cable (TWC) and Bright House Networks kicking in another $500M. Google (GOOG), a key JV partner, isn't thought to be involved in this round.
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  • Nov. 4, 2009, 7:06 AM
    Comcast (CMCSA): Q3 EPS of $0.33 beats by $0.08. Revenue of $8.8B (+3%) in-line. Declares quarterly dividend of $0.0675. (PR I, II)
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  • Nov. 4, 2009, 12:05 AM
    Notable premarket earnings: ABK, ADP, AGU, BDX, BHI, CMCSA, DVN, FWLT, GRMN, HUN, IAG, LIZ, MFA, MMC, PHM, PWR, RDN, RIG, RRD, TAP, TEL, TOT, TRW, TWX, WTR, XTO
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  • Nov. 2, 2009, 8:33 AM
    A deal giving Comcast (CMCSA) control of GE's (GE) NBC Universal could be announced as soon as next week after a tentative agreement was reportedly reached Friday. GE would contribute $12B in debt to the new entity, and retain 49% ownership, while Comcast would kick in several billion dollars and its stable of cable networks for its 51%. Talks with 20% stakeholder Vivendi remain the main roadblock to a deal.
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  • Oct. 26, 2009, 3:22 PM
    Just about now, shareholders might be wondering if Comcast (CMCSA -1.8%) CEO Brian Roberts didn't get the message of the five years it spent in the penalty box after attempting to buy Disney (DIS) in 2004 - underperforming the S&P by 31%. Aside from the rumored deal's questionable economics, analysts say regulatory approval will be tough: "Cable-bashing in an election year is a no-lose bipartisan proposition."
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Company Description
Comcast Corp is a media and technology company. The Company's business segments are: Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, and Theme Parks.
Sector: Services
Industry: CATV Systems
Country: United States