Comcast (CMCSA) early Monday is expected to post Q1 earnings up 4% on flat revenue, as analysts await conference call commentary on where the nation’s No. 1 cable TV firm is headed after regulators thwarted its proposed acquisition of No. 2 cable firm Time Warner Cable (TWC). Some analysts expect Comcast to update its stock buyback plans in the wake of the TWC deal’s demise. Comcast pulled the plug on the merger on April 24, and its stock is
Time Warner Cable (TWC) posted Q1 earnings early Thursday that missed views though it added 30,000 video subscribers, as Morgan Stanley speculated that Charter Communications could pay up to $185 per share to acquire TWC. No. 2 cable firm TWC’s proposed takeover by No. 1 Comcast (CMCSA) was called off last week on opposition from the Department of Justice antitrust regulators. Time Warner Cable said Q1 earnings fell 7% from the year-earlier period
Bankers, lawyers and shareholders accustomed to hearing ka-ching from mergers and acquisition activity are instead getting used to the sound of deals being flushed down the toilet. Applied Materials (AMAT) on Monday scrapped its takeover bid for Tokyo Electron, just days after Comcast (CMCSA) pulled the plug on its proposed acquisition of Time Warner Cable (TWC). Applied Materials and Japan’s Tokyo Electron, makers of chip