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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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May 13, 2015
15:27 EDTSStandard General acquires rights to RadioShack brand, data, WSJ says
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12:01 EDTCMCSK, CMCSAAT&T to offer Hulu subscription streaming service to customers
AT&T (T) and Hulu (DIS, CMCSA, FOXA) have signed a deal that will bring the Hulu subscription streaming service to AT&T customers through AT&T's websites and mobile applications. AT&T customers will be able to browse Hulu programs and select the shows they want to watch through an AT&T app for mobile device viewing or an AT&T website for Internet viewing. Combined with a leading TV Everywhere catalog, AT&T customers subscribing to Hulu will have one of the best selections available of current and past season full episodes. AT&T and Hulu also are exploring the possibility of bringing a Hulu app to TV. This offering will become available to AT&T customers later this year. The expanded relationship with Hulu complements AT&T's other over-the-top initiatives, including Otter Media.
11:18 EDTCMCSAComcast sees giving away 6M voice remotes, Hollywood Reporter says
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09:33 EDTCMCSAComcast CEO says 'probably did more licensing than anybody' since buying NBC
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09:24 EDTCMCSAComcast CEO says does not 'feel need to rush' to pursue other merger deals
Comcast (CMCSA) CEO Brian Roberts is speaking at the MoffettNathanson Research conference regarding the company's scrapped deal to buy Time Warner Cable (TWC).
07:32 EDTINTCCLSA to hold a conference
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07:16 EDTCMCSAMoffett Nathanson to hold a summit
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06:55 EDTCMCSAInsiders speculate bidding war to erupt over AOL, Business Insider reports
The consensus speculation from investment bankers, hedge fund traders and people close to AOL (AOL) is that another company will emerge and offer a price for AOL that is higher than $50 per share, reports Business Insider. The potential suitors include Time Warner (TWX), Comcast (CMCSA), Yahoo (YHOO), Alibaba (BABA), Softbank (SFTBF), AT&T (T), Netflix (NFLX) and Apple (AAPL). Reference Link
06:22 EDTCMCSK, CMCSAFacebook introduces Instant Articles, says working with nine launch partners
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May 12, 2015
17:16 EDTCMCSA, CMCSKCenturyLink tests 'Prism' TV in Seattle, Puget Sound Journal says
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12:04 EDTINTCIntel, eASIC collaborate on customized Intel-based solutions for the Cloud
Intel Corporation announced plans to develop integrated products with eASIC Corporation that combine processing performance and customizable hardware to meet the increasing demand for custom compute solutions for data centers and the “cloud.” The new parts will enable acceleration of up to two times that of a field programmable gate array for workloads like security and big data analytics while also speeding the time to market for custom application specific integrated circuit development by as much as 50 percent.
12:02 EDTSVerizon, Sprint settle illegal billing investigations for $158M
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08:31 EDTCMCSAApple likely to launch TV video service this year, says Pacific Crest
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07:51 EDTINTCDeutsche Bank to hold a conference
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06:41 EDTCMCSATV networks touting digital, targeting technologies to marketers, NY Times says
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May 11, 2015
09:02 EDTCMCSK, CMCSAComcast names Michael Cavanagh as CFO
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06:33 EDTCMCSATV networks worried amid tough competition from digital outlets, NY Times says
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06:32 EDTINTCIntel management to meet with FBR Capital
Meetings to be held in Boston/New York May 11-14 hosted by FBR Capital.
06:19 EDTSRadioShack trademark, other IP up for auction, WSJ reports
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May 10, 2015
17:35 EDTCMCSK, CMCSADisney's 'Avengers: Age Of Ultron' leads U.S. weekend box office with $77.2M
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