Strong 1st quarter from Comcast, and a $30B bid for Sky
PHILADELPHIA (AP) " Comcast, continuing to see the loss of cable subscribers during an otherwise strong first quarter, formalized its bid for Britain's Sky satellite with a $30 billion offer.The bid Tuesday puts the Philadelphia cable company in direct conflict with Rupert Murdoch' 21st Century Fox, which wants Sky for itself.Comcast Corp. posted earnings of $3.12 billion. Per-share earnings were 66 cents, or 62 cents adjusted for non-recurring gains, which is 3 cents better [...]
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