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Latest Comcast Corp. Items
Antitrust experts say AT&T's bid for DirecTV could reap immediate regulatory rewards. Coming so quickly on the heels of a rival cable company merger -the pairing of Comcast and Time Warner Cable- makes it easier for regulators to approve both transactions because they create two counterbalanced giants in pay TV.
Priming itself for the age of Internet-delivered video, AT&T Inc. said it would buy DirecTV for $48.5 billion in cash and stock, or $95 per share.
Netflix will pay Verizon Communications to help clear up some of the congestion that has been bogging down its Internet video service.
Comcast Corp. on Tuesday presented its case to government regulators arguing that its $45 billion takeover of Time Warner Cable Inc. will benefit consumers without limiting competition.
Departing Time Warner Cable Inc. executives are in line to receive "golden parachute" compensation totaling around $135 million as part of Comcast Corp.'s $45 billion acquisition of the cable operator.
Comcast Corp. will invest hundreds of millions of dollars in California and Florida theme parks, stepping outside its core business of telecommunications in an effort to boost revenue and profits.
Comcast says it will continue to offer low-cost broadband Internet connections to low-income families beyond the three-year commitment it made when it bought NBCUniversal.
As far as Frank Larkin is concerned, robots and kids are made for each other.
U.S. Sen. Charles Schumer said Tuesday he is recusing himself from any role Congress plays in Comcast Corp.'s planned acquisition of rival Time Warner Cable Inc. after learning his brother was one of the lead lawyers behind the $45 billion deal.