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AT&T Broadband To Merge With Comcast Cable

Posted by ryuzaki0 on from the getting-the-markets-down dept.

quualudes was one of the many people to submit the AT&T Broadband/Comcast merger. CNNfn has more of the story as well. 72$ billion is the cost. Wow. I wonder how this affects @Home. One alert reader also submitted the news that Comcast will evidently by launching a video gaming channel - more information will be coming in February 2002.

5 of 214 comments (clear)

  1. press release by cha0sadddddddd · · Score: 5, Informative

    http://www.att.com/press/item/0,1354,4135,00.html

    --
    Collecting data is only the first step toward wisdom. But sharing data is the first step toward community
  2. Stock Price Difference Interesting.... by Anonymous Coward · · Score: 3, Informative

    According to the press release on Comcast, AT&T stockholders will receive 0.34 share of Comcast for each share of AT&T they own, which is currently worth about $13.07. AT&T stock is currently selling for about $16-17. Unless there's some radical realignment in stock prices (e.g. Comcast getting hit because of the debt they're acquiring along with the assets), that means there's either some major synergy going on or else the market thinks that the rest of AT&T is worth about $4 :-) Hope it's the former...

  3. Re:It's not @home anymore by evilquaker · · Score: 3, Informative
    Since they went bankrupt. Now it's AT&T Broadband Internet.

    Maybe for you, but not for Cox@Home or Comcast@Home (or Rogers@Home) customers. We still have @Home service until sometime before Feb. 28th...

    --
    To within half a percent, pi seconds is a nanocentury. -- Tom Duff
  4. Re:Restrictions? by ShadeEagle · · Score: 5, Informative

    Read it closer... especially the last few lines.

    They guarantee nothing, save that you get a bill.

    Oh, and if you sue them, YOU pay the lawyer fees regardless of whether you win or lose.

    Copy 'n pasted from the Second Example: (Caps and all...)
    FINALLY, YOU AGREE TO DEFEND, INDEMNIFY, AND HOLD HARMLESS AT&T AND THIRD PARTIES WHO CONTRIBUTE TO THE AT&T WORLDNET HIGH SPEED SERVICE FROM ANY LOSS, DAMAGE, OR COST (INCLUDING ATTORNEYS' FEES) RESULTING FROM YOUR VIOLATION OF THIS AGREEMENT OR ANY ACTIVITY RELATED TO YOUR AT&T WORLDNET HIGH SPEED ACCOUNT.

    In the first two examples, read "You're Responsible" REAL closely.

    More Examples:
    http://www.attbi.com/general-info/policies.html
    http://www.att.net/general-info/terms.html
    http://www.att.com/terms/

  5. Media merger mania - when will it end? by cowboy+junkie · · Score: 3, Informative
    TCI buys Viacom cable. AT&T buys TCI cable. Comcast buys AT&T cable. All in less than a decade.

    Always a good time to see who owns what