Comcast

Comcast Corporation, {{nasdaq|CMCSA}} based in Philadelphia, Pennsylvania is the largest cable company in the United States. They develop broadband cable networks and are involved in electronic retailing and television programming content.

Acquisitions

: see List of assets owned by Comcast

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Comcast bought 25% of Group W Cable in 1986, doubling their size. Two years later, they bought a 50% share in Storer Communications, Inc. They bought the American Cellular Network Corporation the same year before combining with Metrophone in 1990. Comcast became the third largest cable operator in 1994 following their purchase of Maclean-Hunter's American division. Comcast owned the majority of the electronic retailer QVC from 1995 until 2004 when its share was sold to Liberty Media. Following other acquisitions, Microsoft invested $1 billion in Comcast in 1997.

Related Topics:
1986 - Storer Communications, Inc. - American Cellular Network Corporation - Metrophone - 1990 - 1994 - Maclean-Hunter - QVC - 1995 - 2004 - Microsoft - 1997

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In 2001, Comcast announced they would acquire the assets of AT&T Broadband (AT&T's cable TV service). In 2002 Comcast acquired all assets of AT&T Broadband, thus making Comcast the largest cable television company in the United States.

Related Topics:
2001 - AT&T - 2002

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On February 11, 2004, Comcast surprised the media industry by announcing an unsolicited $66 billion bid for The Walt Disney Company, a deal that would have made Comcast the largest media conglomerate in the world. After rejection by Disney and uncertain response from investors, the bid was abandoned in April.

Related Topics:
February 11 - 2004 - The Walt Disney Company - Media conglomerate

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Comcast announced on March 25, 2004 that their new gaming-oriented television network G4 (operated by subsidiary G4 Media, Inc.) would acquire Vulcan Venture's technology-oriented television network TechTV. The deal was finalized on May 10, 2004 - and the two networks became G4techTV on May 28, 2004. On January 11, 2005, Comcast announced that it would drop TechTV from the station's name and again be known as G4.

Related Topics:
March 25 - 2004 - G4 - TechTV - May 10 - G4techTV - May 28 - January 11 - 2005 - G4

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On April 8, 2005, a partnership led by Comcast and Sony Pictures finalized a deal to acquire MGM and its affiliate studio, United Artists, and create an additional outlet to carry MGM/UA's material for cable and Internet distribution.

Related Topics:
April 8 - 2005 - Sony Pictures - MGM - United Artists

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