×

Comcast: A Long History of M&A Activity

With the announcement that Comcast was making an all-stock bid of $45.2 billion for Time Warner Cable, a déjà vu feeling swept over the industry. And then a déjà vu all over again feeling.

Comcast is no stranger to the mergers and acquisitions game, gobbling up companies both large and small, but also falling short on occasion. Here’s a brief look at their M&A resumé:

2001: Comcast paid $72 billion for AT&T Broadband, at the time the largest cable TV carrier. Comcast’s offer topped those of Cox Communications and AOL Time Warner.

2004: Comcast made a hostile takeover bid of Disney, but was rejected. Disney’s board unanimously rejected the $66 billion offer.

2004: Comcast completed a $300 million purchase of Tech TV, which it merged with its own G4 channel to form G4TechTV. Distribution of the channel jumped from 15 to 44 million homes.

2005: Sony and Comcast join forces to acquire MGM for about $4.8 billion.

SEE ALSO: Comcast Bets On Heft At Dizzying Time For Media

2005: Comcast and Time Warner Cable pony up $17.6 billion for Adelphia Communications. The deal was finalized after a seven-month investigation by the FCC.

2007: Comcast pays $483 million for a small cable operator, Patriot Media. The company only has 81,000 subscribers, which at the time made it the most expensive in cable-TV history on a per-subscriber basis.

2011: Comcast completes its purchase of NBCUniversal, taking a controlling 51% stake. The purchase (at around $30 billion) was first announced in 2009, but was not approved by the FCC until January 2011.

2013: Comcast buys the remaining 49% in NBCUniversal for $16.7 billion. Comcast threw in another $1.4 billion for NBCU’s properties at 30 Rockefeller Plaza and CNBC digs in Englewood Cliffs, N.J.

More Biz

  • TV Decline Pay TV Placeholder

    Traditional Pay-TV Operators Lost 6 Million Subscribers in 2019 as Cord-Cutting Picks Up Speed

    The U.S. satellite and cable TV business declined at an unprecedented rate last year — with traditional pay-TV providers dropping a staggering 6 million customers, a 7% year-over-year decline. In the fourth quarter of 2019 alone, traditional TV distributors lost around 1.5 million subs, dropping to about 83 million total at year-end, according to estimates [...]

  • A+E Networks Renews Focus on Lifetime

    Listen: How A+E Networks Bucked the Trend and Fell Back in Love With Lifetime Movies

    In an era of overflowing choice, focus is more important than ever for traditional television executives. On the latest episode of Variety podcast Strictly Business, A+E Networks’ president of programming Rob Sharenow discusses how the cable giant pulled its flagship brands out of the ratings trenches over the past two years, thanks in large part [...]

  • Issa Rae Interview Variety

    Issa Rae’s Raedio Partners With Kobalt for Global Publishing Deal

    Kobalt today announced a worldwide publishing deal with Emmy-nominated actor-producer-writer Issa Rae’s company, Raedio Publishing, LLC. The global partnership with Raedio includes creative and administration services, which includes providing guidance and funding on new Raedio signings, pitch Raedio’s writers, artists and library for synchronization opportunities and provide admin services, according to the announcement. Rae has [...]

  • Pharrell Williams movie musical

    Pharrell, Michele Anthony, Jody Gerson, Jon Platt Join Rock Hall of Fame Foundation Board

    The Rock and Roll Hall of Fame Foundation in New York today announced five new members who have joined their Board of Directors: Michele Anthony (Executive Vice President Universal Music Group); Jody Gerson (Chairman & CEO Universal Music Publishing); Pam Kaufman (President ViacomCBS Consumer Products); Jon Platt (Chairman & CEO SONY/ATV Music Publishing); and artist/producer/entrepreneur [...]

  • Dish Network

    Dish Narrows TV Subscriber Loss in Q4 but Drops Sling TV Customers For the First Time

    Dish Network continued to feel the cord-cutting sting in the fourth quarter of 2019: While its total subscriber losses in the period were not as bad as the year earlier, the company dropped 94,000 Sling TV over-the-top customers — the first time its OTT service lost subscribers since launching in 2015. Dish’s net pay-TV subscribers [...]

More From Our Brands

Access exclusive content