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Stock Market & Financial Investment News

News Breaks
April 28, 2014
06:07 EDTTWC, CHTR, CMCSAComcast announces divesture agreements with Charter
Comcast (CMCSA) and Charter Communications (CHTR) announced that the companies have reached an agreement on a series of transactions, whereby the combined Comcast-Time Warner Cable (TWC) entity, following completion of Comcast's previously announced merger with Time Warner Cable, will divest systems resulting in a net reduction of approximately 3.9M video customers. The divestiture will reduce Comcast's post-merger managed subscriber total to less than 30% of total national MVPD subscribers. Pursuant to the agreement, and following the close of the Comcast-Time Warner Cable merger, Charter will acquire approximately 1.4M existing Time Warner Cable subscribers, increasing Charter's current residential and commercial video customer base from 4.4M to approximately 5.7M, and making Charter the second largest cable operator in the United States. Charter and Comcast will also each transfer approximately 1.6M customers respectively. In addition, Charter, through a tax free reorganization, will form a new holding company that will own 100% of Charter, and acquire an approximate 33% stake in a new publicly-traded cable provider to be spun-off by Comcast serving approximately 2.5M customers. Charter will provide management services to SpinCo. The agreement will be executed via three separate transactions, which are subject to the completion of the proposed Comcast-Time Warner Cable merger. The transfer of systems, asset purchase and SpinCo acquisition will be valued at a 7.125 times 2014 EBITDA multiple, and Charter will make additional payments to Comcast over time as tax benefits from the asset sale are realized. Comcast has reaffirmed that, after taking into account the transactions with Charter, it continues to expect its merger with Time Warner Cable to generate approximately $1.5B in operating efficiencies.
News For CMCSA;CHTR;TWC From The Last 14 Days
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November 25, 2014
07:44 EDTCMCSAComcast added to US 1 List at BofA/Merrill
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November 21, 2014
11:54 EDTTWC, CMCSAFCC order on contracts in Comcast merger review blocked by court, Bloomberg says
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08:06 EDTCHTR, TWC, CMCSAComcast Time Warner Cable outlook positive, says Wells Fargo
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November 20, 2014
07:16 EDTCHTR, TWC, CMCSACharter could look to buy Time Warner Cable if Comcast deal fails, WSJ says
John Malone, the chairman of Liberty Media (LMCA), said Charter Communications (CHTR) would look to buy Time Warner Cable (TWC) if TWC's deal with Comcast (CMCSA) falls through, The Wall Street Journal reports. Malone told shareholders at Liberty's investor day that he would pursue "an outright purchase" of Time Warner Cable if regulators don't approve the Comcast deal. Reference Link
November 19, 2014
13:31 EDTCHTRCharter says doesn't need M&A, but natural push in industry toward consolidation
Charter CEO Tom Rutledge spoke on CNBC.
13:29 EDTTWC, CMCSA, CHTRCharter CEO sees Comcast, Time Warner Cable deal getting done
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13:06 EDTCMCSADeutsche Telekom CEO says T-Mobile could again attract suitors, Bloomberg says
Bloomberg quotes Deutsche Telekom (DTEGY) CEO Timotheus Hoettges speaking in interview as having said that T-Mobile (TMUS) could attract interest from suitors such as Comcast (CMCSA), DISH (DISH) or America Movil (AMOV, AMX).
November 18, 2014
15:53 EDTCHTRCharter issues statement regarding STELAR
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14:59 EDTCHTRCharter management to meet with Jefferies
Group dinner to be held in New York on November 24 hosted by Jefferies.
November 17, 2014
06:35 EDTCMCSA'Dumb and Dumber To' takes first at the box office from 'Big Hero 6', WSJ says
Comcast (CMCSA) company Universal Pictures' "Dumb and Dumber To" brings in $38.1M at the box office, taking first away from Disney's (DIS) "Big Hero 6," which brought in $36M this weekend, reports the Wall Street Journal. "Big Hero 6" has a two week total of $111.7M in North America, the Journal adds. Reference Link

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