Alerts in the last 24 hours

No Personalised Alerts!

To see personalised alerts you need to be logged in.

Log In

Comcast Corporation Add to portfolio

NAS:CMCSA, Jul 16, 10:05 UTC

Latest NAS:CMCSA News

Filter your feed

Apply Filter

Today


In The News
News

Why Are Comcast Corporation Shares Down 18% in 2018?

DIS CMCSA

The House of Mouse was forced to up its bid for Twenty-First Century Fox(NASDAQ: FOX)(NASDAQ: FOXA), but it looks like it will prevail in securing those assets. In December, Fox agreed to sell Disney its entertainment assets, including its movie studios; cable-television assets, including FX and FXX; and its regional sports networks. Comcast offered more ($65 billion) in cash, but it looks like Disney will prevail with its latest offer of $71 billion in stock and cash. Adding these assets will strengthen Disney in numerous areas including film, its new streaming service, and even its theme parks (though it won't gain back the Marvel rights held by Comcast at its Florida Universal Studios parks). While there is no guarantee Disney will gain full approval for the deal from regulators, it does appear Comcast is not going to step in and secure the Fox properties. So Comcast shares, which closed 2017 at $40.05, dropped to $32.81 at the end of June, an 18% drop, according to data provided by S&P Global Market Intelligence.

Read Full Details

Topics:
  • Business
  • Financial
In The News
News

USHCC Announces Comcast as 2018 National Convention Corporate Chair

CMCSA

Comcast is a valued partner of the Chamber and continues to demonstrate a strong commitment to increasing the number of Hispanic-owned businesses by providing platforms that tell diverse stories and highlight the accomplishments of our members. Since 2010 Comcast spent more than $16 billion with diverse-owned suppliers, supporting over 3,000 diverse businesses, in the past year alone. And as the largest supplier of independent Latino programming, Comcast has been at the forefront in providing premiere Spanish and English-language programming to the Hispanic community. It is also at the core of the Convention’s events, working with USHCC staff, vendors, local chambers, Hispanic Business Enterprises (HBEs) and corporate buyers to establish new opportunities and fruitful partnerships. Each year, USHCC brings together local Hispanic Chambers of Commerce, Hispanic business leaders, and corporate partners, like Comcast, to foster Hispanic economic development for a greater American economy. To learn more about the USHCC National Convention, please visit ushcc.com/convention.

Read Full Details

Topics:
  • Business
  • Financial
News

Fox shares drop as prospects of new Comcast bid fade

FOX CMCSA +2 more FOX CMCSA TRI FOXA

(Reuters) - Twenty-First Century Fox Inc (FOXA.O) shares dropped more than 2 percent on Monday, as investors viewed the absence of a new bid by Comcast Corp (CMCSA.O) for most of Fox's assets as meaning its bidding war with Walt Disney Co (DIS.N) for them is likely over. Disney fended off Comcast's $66 billion all-cash challenge to its deal for the Fox assets last month by sweetening its offer to $71 billion in cash-and-stock. CNBC reported on Monday, citing sources, that Comcast was "highly unlikely" to make a new offer for the Fox assets. However, sources familiar with the matter told Reuters that Comcast CEO Brian Roberts has kept his arrangements with banks in place to make a new offer, but he has not communicated his intentions or made a final decision. Comcast has also been seeking to convince Fox and investors that regulators would approve its bid for the main Fox assets after U.S. Department of Justice gave the green light to Disney's bid for them. However, the Justice Department's decision last week to appeal against the loss of its challenge to AT&T Inc's (T.N) takeover of Time Warner Inc served as a reminder that risks persist of antitrust measures.

Read Full Details

Topics:
  • Business
  • Financial
News

USHCC Announces Comcast as 2018 National Convention Corporate Chair

CMCSA

Comcast is a valued partner of the Chamber and continues to demonstrate a strong commitment to increasing the number of Hispanic-owned businesses by providing platforms that tell diverse stories and highlight the accomplishments of our members. Since 2010 Comcast spent more than $16 billion with diverse-owned suppliers, supporting over 3,000 diverse businesses, in the past year alone. And as the largest supplier of independent Latino programming, Comcast has been at the forefront in providing premiere Spanish and English-language programming to the Hispanic community. It is also at the core of the Convention’s events, working with USHCC staff, vendors, local chambers, Hispanic Business Enterprises (HBEs) and corporate buyers to establish new opportunities and fruitful partnerships. Each year, USHCC brings together local Hispanic Chambers of Commerce, Hispanic business leaders, and corporate partners, like Comcast, to foster Hispanic economic development for a greater American economy. To learn more about the USHCC National Convention, please visit ushcc.com/convention.

Read Full Details

Topics:
  • Business
  • Financial
In The News
News

Comcast unlikely to raise Fox bid; focused on Sky: Sources

FOX CMCSA

Comcast unlikely to raise Fox bid; focused on Sky: Sources. Comcast is unlikely to make another bid for Twenty-First Century Fox 's movie and television assets, focusing on a bid for Britain's Sky television, sources told CNBC's David Faber . Recently Disney threw some cash into its own bid, raising its offer to $71 billion and edging out Comcast's bid of $65 billion in cash. Last week, Fox raised its bid for the remaining portion of Sky it doesn't own, with a new offer valuing the deal at $32.5 billion. Sources told CNBC's Faber that Comcast is focused on its bidding for Sky.

Read Full Details

Topics:
  • Business
  • Financial
  • Entertainment
News

Ten Startups Selected for Inaugural Comcast NBCUniversal LIFT Labs Accelerator, Powered by Techstars

CMCSA

Comcast NBCUniversal today announced the 10 startups selected for the inaugural Comcast NBCUniversal LIFT Labs Accelerator, powered by Techstars. Over the course of the program, startups will refine and test their business models while leveraging one-on-one mentoring from experts across Comcast NBCUniversal’s businesses, including the NBC and Telemundo broadcast networks, film studios, cable networks, Comcast Ventures, and Xfinity products and services, as well as Techstars’ mentors with deep industry, investment, and entrepreneurship experience. “We are thrilled with the interest in our first accelerator in partnership with Techstars as evidenced by the hundreds of applications from a diverse pool of startups from around the world,” said Sam Schwartz, Chief Business Development Officer for Comcast. A selection committee made up of Techstars experts and leaders from several Comcast NBCUniversal business units screened the startup applicants working in five areas of focus: Connected Life, Entertainment Everywhere, Next Gen Marketing, Smart Places, and Digital Wellness.

Read Full Details

Topics:
  • Business
  • Technology
  • Science
News

Here are the 10 startups that made it into Comcast's first accelerator

CMCSA

American City Business Journals•July 16, 2018. A cohort of 10 early-stage startups from around te world will call Philadelphia home for the next three months as Comcast NBCUniversal’s long-awaited LIFT Labs Accelerator kicks off Monday morning. Powered by the well-respected global accelerator Techstars, the intensive full-time program is designed to fit 18 to 24 months of work and growth in just a few months with the help of mentors from Comcast’s ranks, the Philadelphia tech community and Techstars’ network. “When we say accelerator, we really, literally mean that,” said Maya Baratz, managing director of the program.

Read Full Details

Topics:
  • Business
  • Technology
  • Science
  • Financial