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Stock Market & Financial Investment News

News Breaks
December 17, 2012
07:02 EDTCMCSK, CLWR, CMCSA, S, INTCSprint to acquire 100% ownership of Clearwire shares for $2.97 per share
Sprint (S) has entered into a definitive agreement to acquire the approximately 50% stake in Clearwire (CLWR) it does not currently own for $2.97 per share, equating to a total payment to Clearwire shareholders, other than Sprint, of $2.2B. This transaction results in a total Clearwire enterprise value of approximately $10B, including net debt and spectrum lease obligations of $5.5B. The transaction was unanimously approved by Clearwire’s board of directors upon the unanimous recommendation of a special committee of the Clearwire board consisting of disinterested directors not appointed by Sprint. In addition, Clearwire has received commitments from Comcast (CMCSA), Intel Corp (INTC) and Bright House Networks LLC, who collectively own approximately 13% of Clearwire’s voting shares, to vote their shares in support of the transaction. SoftBank has provided its consent to the transaction, as required under the terms of its recently announced merger agreement with Sprint. In connection with the transaction, Clearwire and Sprint have entered into agreements that provide up to $800M of additional financing for Clearwire in the form of exchangeable notes, which will be exchangeable under certain conditions for Clearwire common stock at $1.50 per share, subject to adjustment under certain conditions.
News For S;CLWR;INTC;CMCSA;CMCSK From The Last 14 Days
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December 17, 2014
08:55 EDTINTCJD.com signs partnership pact with Intel on shopping tech, Marbridge Daily says
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December 16, 2014
14:11 EDTSSprint may face $105M FCC fine over billing, Bloomberg reports
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13:31 EDTSSprint to conclude NASCAR partnership after 2016 season
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11:31 EDTINTCRackspace looks to reduce reliance on Intel chips, Bloomberg says
Rackspace Hosting (RAX), which has been testing server computers based on IBM (IBM) Power chip designs, is looking to reduce its reliance on Intel (INTC) chips as it shifting to some server computers based on modified International Business Machine processors, says Bloomberg. Reference Link
08:29 EDTCMCSAComcast to launch online live stream of NBC, WSJ reports
Comcast's (CMCSA) NBC is launching a live stream of its broadcast network online today and plans for it to be available on mobile platforms early next year, but NBC does not plan to sell a separate online version without requiring a pay-TV subscription, unlike peers CBS (CBS) and Time Warner’s (TWX) HBO, said The Wall Street Journal. Reference Link
06:46 EDTCMCSAComcast to allow Roku users to stream premium channels, Re/code says
Comcast reached a deal with set-top box company Roku that should allow its users to stream HBO and Showtime by authenticating subscriptions to their respective apps, reports Re/code.Reference Link
December 15, 2014
08:34 EDTCMCSK, CMCSANexstar announces long-term affiliation agreement with NBC Television Network
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December 14, 2014
17:21 EDTCMCSKNasdaq announces annual re-ranking of the NASDAQ-100
The NASDAQ OMX Group (NDAQ) announced the results of the annual re-ranking of the NASDAQ-100 (NDX), which will become effective prior to market open on Monday, December 22. The following three companies will be added to the Index: American Airlines Group (AAL), Electronic Arts (EA) and Lam Research (LRCX). As a result of the revision in the index methodology allowing multiple share classes of index participants to be included in the index, the following three securities will also be added to the index: Comcast Corporation Class A Special (CMCSK), Twenty-First Century Fox Class B (FOX) and Liberty Global plc Class C (LBTYK). As a result of the re-ranking, the following three companies will be removed from the Index: Expedia (EXPE), F5 Networks (FFIV) and Maxim Integrated Products (MXIM).
December 11, 2014
06:24 EDTCMCSADISH plans to leave broadcast channels out of basic online TV package, WSJ says
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December 10, 2014
10:24 EDTSSprint retreats after Oppenheimer cuts rating to Underperform amid price war
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10:00 EDTSOn The Fly: Analyst Downgrade Summary
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09:12 EDTSRadioShack threatens bankruptcy if cell phone deals not reworked, NY Post says
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07:58 EDTSSprint downgraded to Underperform from Perform at Oppenheimer
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December 9, 2014
15:03 EDTCMCSADiscovery Communications rises after CEO sees outperforming U.S. peers
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11:11 EDTCMCSA, CMCSKDiscovery, Hulu announce new distribution agreement
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10:28 EDTSVerizon drops after warning about promotional impact on profits
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06:48 EDTCMCSAAnalysts say Netflix undermining TV ad revenue, NY Times reports
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06:25 EDTCMCSK, CMCSAComcast, USA Network trialing 'Playing House' on-demand , WSJ reports
Comcast (CMCSA) is planning to make new episodes of the sitcom "Playing House" available first on its on-demand service and air them on the USA Network the following week, The Wall Street Journal reports. Reference Link
December 8, 2014
14:56 EDTSMDC Partners climbs for third day after making announcement on CRM unit
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14:36 EDTCMCSATime Warner Cable CEO reports strong trends in October, November, says UBS
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