Correction: Cable Mergers-Glance story
Jun 4, 2015, 3:42 PM
NEW YORK (AP) — In a story May 26 about cable and pay-TV acquisitions, The Associated Press reported erroneously that Twenty-First Century Fox made an offer for Time Warner Cable in 2014. It made an offer for Time Warner Inc. The story also should have said that John Malone controls, not runs, Liberty Media, Liberty Global, and Liberty Broadband, and that a 27-percent stake in Charter Communications is now part of Liberty Broadband.
A corrected version of the story is below:
Cable and pay-TV acquisitions and almost-deals at a glance
Charter’s $55.33B offer for Time Warner Cable is the latest in years of cable deal making
NEW YORK (AP) — Charter Communications agreed to buy Time Warner Cable on Tuesday for $55.33 billion. Here’s a look at some of the biggest cable and pay-TV deals, and deals that almost happened, in the last few years.
2015
May: France’s Altice SA says it will buy a 70-percent stake in Suddenlink Communications of Missouri in a deal that values Suddenlink at $9.1 billion.
April: After more than a year, Comcast gives up on its bid to buy Time Warner Cable. The deal would have combined the two largest U.S. cable companies, but regulators opposed the sale.
March: Charter agrees to buy another cable provider, Bright House Networks, for $10.4 billion
2014
November: London-based Liberty Global paid $13 billion for around 70 percent of Dutch cable provider Ziggo. Liberty Global already owned the rest of Ziggo.
November: BSkyB of Britain buys Sky Italia and 57 percent of Sky Deutschland for $8.6 billion from U.S. media giant 21st Century Fox. BSkyB changes its name to Sky when the deal closes.
July: British telecommunications company Vodafone PLC buys Spanish cable company Ono for $10 billion as it moves to expand its business across Europe.
May: AT&T, the second-largest U.S. wireless carrier, agrees to buy satellite TV company DirecTV last spring for $48.5 billion.
February: Comcast agrees to buy Time Warner Cable for $45.2 billion.
January: Charter offers to buy Time Warner Cable for $38 billion.
2013
October: Vodafone buys Kabel Deutschland, the largest cable operator in Germany, for about $10 billion.
June: Liberty Global buys Britain’s Virgin Media for about $22.6 billion.
May: Liberty Media Corp. buys a 27-percent stake in Charter Communications for $2.62 billion. That stake is now part of Liberty Broadband Corp. Liberty Broadband, along with Liberty Global and Liberty Media, are controlled by billionaire John Malone.
March: Comcast acquires the remaining 49 percent of NBCUniversal from General Electric for $16.7 billion.
2011
January: Comcast takes a 51-percent stake in NBCUniversal in a deal that values the business at around $30 billion.
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