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FFH
Premium
join:2002-03-03
Tavistock NJ
kudos:5

Lots of cash changing hands.

Here is where all that money comes from to do the buyout:

quote:
The transactions will be funded with $11.4 billion of cash on hand, $4.0 billion of subsidiary senior unsecured notes to be issued to GE, $2.0 billion of borrowings under Comcast and/or subsidiary bank credit facilities and $725 million of subsidiary preferred stock to be issued to GE.
Morgan Stanley handled the deal. I bet they made a big chunk of change and a couple VPs will get million $ bonuses this year.

--
A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves money from the public treasury.


Transmaster
Don't Blame Me I Voted For Bill and Opus

join:2001-06-20
Cheyenne, WY

Wow all that money for such a pile of bird quano.



NotTheMama
What Would Earl Do?

join:2012-12-06
reply to FFH

Ultimately, though, that money will come out of the pockets of Comcast's customers--many times over.
--
"Face piles of trials with smiles; it riles them to believe that you perceive the web they weave."


openbox9
Premium
join:2004-01-26
Germany
kudos:2

Where else would've it come from? Comcast is a business that exists because of revenue derived from its customers.



FFH
Premium
join:2002-03-03
Tavistock NJ
kudos:5

1 edit
reply to Transmaster

said by Transmaster:

Wow all that money for such a pile of bird quano.

Corporate leadership is rarely innovative - they all attend the same seminars by the same consulting firms. And my experience over the last 40 yrs is that they ping pong between 2 extremes based on whatever business philosophy the consulting firms are currently pushing.

On one end is the diversification philosophy - have your fingers in a lot of different pies so that if any piece of the conglomerate is down, the others will cover for the part having problems.

On the other end is the "core competency" philosophy - do ONLY what you do best and sell off or outsource the rest. Meaning an ISP should only do that and nothing else.

So Comcast is currently in the diversification philosophy which apparently is making shareholders happy. A lot of Comcast's customers and the chattering activists want them to be in a "core competency" phase.

But don't worry, eventually those in the diversification phase get to the point that they become ever more inefficient trying to manage such a large enterprise, and stockholders get unhappy at lower marginal returns. New mgt comes in and starts moving the company in to the "core competency" phase as they sell off underperforming parts of the company. The company becomes more efficient; returns improve and shareholders are once again happy.

Rinse & repeat over and over again.
--
A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves money from the public treasury.

MrBungle87

join:2013-01-18
Durham, NC
reply to openbox9

Comcast also exists because of its far reaching ties within the mainstream media and thanks to its undoubtedly huge lobbying power in Washington. That's a quaint notion you have, though.


openbox9
Premium
join:2004-01-26
Germany
kudos:2

Comcast exists because customers continue giving it money on a recurring basis. Its media ties and lobbying efforts merely enable it to grow. Not really a quaint notion at all.



Corehhi

join:2002-01-28
Bluffton, SC
reply to Transmaster

said by Transmaster:

Wow all that money for such a pile of bird quano.

No it's a combo of many things such as the cash flowing Universal theme parks. They very well may be trying to go after NetFlix which probably isn't a good thing for the general public. Lots going on but the main thing is all these businesses need to come under one management team with out some large share holder micro managing the business(es).