Comcast Corp. is weighing options for how to divest about 3 million cable subscribers as part of a takeover of Time Warner Cable Inc. -- including spinning them off in a new publicly traded company, people with knowledge of the matter said.
At a museum near the U.S. Capitol three weeks ago, 700 guests sampled bratwurst and vodka and watched the Olympics on a mammoth screen. From the second floor, Comcast Corp.’s David Cohen addressed the crowd, which included the Russian ambassador and a White House official.
Netflix Inc. has agreed to pay for more-direct access to Comcast Corp.’s broadband network to improve speed and reliability for its video-streaming customers, according to three people familiar with the matter.
On Feb. 4, executives of cable operators Comcast Corp. and Charter Communications Inc. gathered at the Manhattan offices of law firm Wachtell Lipton Rosen & Katz to discuss Charter’s bid to buy Time Warner Cable Inc. It proved to be the final straw for Comcast and its chief executive officer, Brian Roberts.
Comcast Corp. agreed to acquire Time Warner Cable Inc. for $45.2 billion in stock, a surprise deal that combines the two largest U.S. cable companies and creates a bulwark against competition from phone and satellite providers.
The Wall Street bankers behind Comcast Corp.’s $45.2 billion bid for Time Warner Cable Inc., a surprise end-run around veteran media dealmaker John Malone, drew from experience on some of the past decades’ biggest deals, including the RJR-Nabisco buyout made famous in “Barbarians at the Gate.”
U.S. stocks rose, after benchmark indexes ended a four-day rally yesterday, as better-than- forecast earnings and a $45.2 billion takeover of Time Warner Cable Inc. overshadowed a drop in retail sales.