COMCAST acquisition history

Comcast and Time Warner reached definitive agreements to acquire substantially all the assets of bankrupt Adelphia Communications Corporation for a total of $12.7 billion in cash and 16% of the common stock of Time Warner's cable subsidiary. The two companies also swapped certain cable systems and unwound Comcast's 17.9% interest in Time Warner Cable and 4.7% in Time Warner Entertainment. The transactions expanded both companies' footprints and improved the geographic clustering of subscribers. The June 2006 amendment adjusted terms ahead of the July 31, 2006 closing. $12.7 billion in cash plus 16% of Time Warner Cable stock (Comcast + Time Warner jointly).

Time Warner Inc. and Comcast Corporation today announced that they have reached definitive agreements to acquire substantially all the assets of Adelphia Communications Corporation for a total of $12.7 billion in cash and 16% of the common stock of Time Warner's cable subsidiary, Time Warner Cable Inc.Comcast / Time Warner joint press release — April 21, 2005

Comcast and General Electric signed a definitive agreement to form a joint venture 51% owned by Comcast, 49% owned by GE and managed by Comcast. The venture combined the NBC Universal businesses with Comcast's cable networks, regional sports networks and certain digital properties. NBCU's businesses were valued at $30 billion and Comcast contributed businesses valued at $7.25 billion. The transaction closed January 28, 2011 with the Amended and Restated LLC Agreement of NBCUniversal, LLC, giving Comcast control of NBC, Universal Pictures, Universal theme parks and a broad cable-network portfolio. NBCU businesses valued at $30 billion; Comcast contributed cable assets valued at $7.25 billion for a 51% controlling stake.

For Comcast, this transaction is strategically compelling and will generate attractive financial returns and build shareholder value. It is also expected to be immediately accretive.Brian L. Roberts — Chairman and CEO, Comcast Corporation

Comcast announced it would acquire GE's entire remaining 49% common equity stake in the NBCUniversal joint venture for approximately $16.7 billion, taking NBCUniversal to 100% Comcast ownership. NBCUniversal also purchased from GE the properties used at 30 Rockefeller Plaza and CNBC's Englewood Cliffs, NJ headquarters for approximately $1.4 billion. The acquisition accelerated GE's exit ahead of a redemption period that would have begun in July 2014 and closed March 19, 2013. approximately $16.7 billion for GE's 49% stake, plus approximately $1.4 billion for the 30 Rockefeller Plaza and CNBC headquarters properties.

This is an exciting day for Comcast as we have agreed to accelerate the purchase of NBCUniversal. Our decision to acquire GE's ownership is driven by our sense of optimism for the future prospects of NBCUniversal and our desire to capture future value that we hope to create for our shareholders.Brian L. Roberts — Chairman and CEO, Comcast Corporation

NBCUniversal, a division of Comcast, announced the acquisition of DreamWorks Animation (NASDAQ: DWA) at an equity value of approximately $3.8 billion, with stockholders receiving $41.00 in cash per share. DreamWorks Animation creates animated feature films, television series and specials, live entertainment and related consumer products, and became part of the Universal Filmed Entertainment Group alongside Universal Pictures and Fandango. Illumination founder Chris Meledandri was named to help guide the DreamWorks Animation business. approximately $3.8 billion equity value; $41.00 in cash per share.

DreamWorks Animation is a great addition to NBCUniversal. Jeffrey Katzenberg and the DreamWorks organization have created a dynamic film brand and a deep library of intellectual property. DreamWorks will help us grow our film, television, theme parks and consumer products businesses for years to come.Steve Burke — CEO, NBCUniversal

Following a UK auction process against Twenty-First Century Fox, Comcast announced terms of an increased superior cash offer for Sky plc at GBP 17.28 per share, implying a value of approximately $40.0 billion (GBP 30.6 billion) for Sky's fully diluted share capital. On October 9, 2018 Comcast Bidco Limited, an indirect wholly-owned subsidiary, completed the acquisition of 672,783,139 ordinary shares (approximately 39.12% of Sky) for GBP 17.28 per share (GBP 11,625,692,641.92 in aggregate), with the offer declared unconditional as to acceptances and wholly unconditional, beginning the process to take Sky to full ownership. GBP 17.28 per share, implying approximately $40.0 billion (GBP 30.6 billion) for the fully diluted share capital; initial close covered ~39.12% for GBP 11.6 billion.

On October 9, 2018, Comcast Bidco Limited, an indirect wholly-owned subsidiary of Comcast Corporation, completed its previously announced acquisition of 672,783,139 ordinary shares of Sky plc (representing approximately 39.12% of the issued ordinary share capital of Sky) for GBP 17.28 per share, or GBP 11,625,692,641.92 in the aggregate.Comcast Corporation Form 8-K — Item 2.01, October 9, 2018