47.8 F
New York
Thursday, March 28, 2024

$45B Comcast Deal Goes Bust

Related Articles

-Advertisement-

Must read

Brian L. Roberts is chairman and CEO of Comcast Corporation.

The failed high-profile merger of Comcast and Time Warner has offered up a bevy of response. The $45B deal would have successfully enlarged the already massive national cable provide. The deal’s failure represents other key points such as the last chance for Comcast to be a nationwide cable provider. No hard feels from the team on that though since Comcast remains the top broadband provider and pay-TV provider. There are options for Comcast to connect with another service provider. So, we may see that at a later date.

“Of course, we would have liked to bring our great products to new cities, but we structured this deal so that if the government didn’t agree, we could walk away, ” said Comcast Chair and CEO Brian L. Roberts in a statement he issued in relation to moving on after the Federal Communications Commissions (FCC) rejected the deal.

Many people whom initially celebrated the deals collapse may want to reconsider. Consumers who expected to benefit from avoiding a national monopoly are now likely to have service providers that are exceedingly leveraged. This could account for slower updates and upgrades of service in the future.

The Wall Street Journal reported, “The government’s new net-neutrality rules, which classify broadband as a utility, also could subject providers’ pricing and services to greater scrutiny.”

According to Dealogic’, the top 10 failed deals of all time are: (1) $144.97 billion: BHP Billiton, Rio Tinto Plc, 2008 (2) $117.35 billion: Pfizer Inc., AstraZenca Plc, 2014 (3) $97.92 billion: MCI WorldCom, Sprint Corp., 2000 (4) $90.96 billion: Barclays Plc, ABN Amro Holding NV, 2007 (5) $82.34 billion: Deutsche Telekom AG, Telecom Italia SpA, 1999 (6) $79.6 billion: Twenty-First Century Fox Inc., Time Warner Inc., 2014 (7) $71.41 billion: American Home Products Corp., Warner-Lambert Co., 2000 (8) $58 billion: Rio Tinto, BHP Billiton (Western Australian iron ore assets), 2010 (9) $56.25 billion: BellSouth Corp., Sprint Corp., 1999 (10) $54.7 billion: Comcast Corp., Walt Disney Co., 2004.

“A failed deal doesn’t mean Comcast shareholders suffer,” reported Miriam Gottfried of The Wall Street Journal. Estimates in stock decline are reported at about 11% from outside parties. Net neutrality rulings could benefit by nixing the ability for “short term sell-off’s by accelerating the pace of stock buybacks.”

balance of natureDonate

Latest article

- Advertisement -