Comcast Corporation (NASDAQ:CMCSA) and Charter Communications (Nasdaq:CHTR) announced that the companies have reached an agreement (the “Agreement”) on a series of tax-efficient transactions, whereby the combined Comcast-Time Warner Cable entity, following completion of Comcast Corporation (NASDAQ:CMCSA)’s previously announced merger with Time Warner Cable, will divest systems resulting in a net reduction of approximately 3.9 million video customers. Comcast Corporation (NASDAQ:CMCSA) stock performance was 1.43% in last session and finished the day at $51.70. Traded volume was 21.59million shares in the last session and the average volume of the stock remained 18.29 million shares. The beta of the stock remained 1.14. Comcast Corporation (NASDAQ:CMCSA) insider ownership is 0.10%.
Comcast Corporation (NASDAQ:CMCSA) hopes the divestiture will help its $45.2 billion acquisition of No. 2-ranked Time Warner Cable gain approval from federal regulators by the end of the year. Time Warner Cable Inc (NYSE:TWC) rose 1.10 percent to $140.95 Monday on volume of 3.60million shares. The intra-day range of the stock was $138.70 to $141.70. Time Warner Cable Inc (NYSE:TWC) has a market capitalization of $39.17billion.
Theme-park operator The Walt Disney Company (NYSE:DIS) has increased its investment in China resort, which is expected to open for public at the end of 2015, as the company is looking capitalize on China’s increased interest in tourist destinations. The Walt Disney Company (NYSE:DIS)’s stock on Apr 28, 2014 reported a decrease of -0.58% to the closing price of $77.78. Its fifty two weeks range is $60.41 -$83.65. The total market capitalization recorded $136.28billion. The overall volume in the last trading session was 7.52million shares. In its share capital, DIS has 1.75billion outstanding shares.
The biggest subscription streaming service in the world – Netflix, Inc. (NASDAQ:NFLX) made a statement, saying that it reached an agreement with Verizon Communications Inc. over getting a more direct access to its FiOS broadband network. Currently, Netflix, Inc. (NASDAQ:NFLX) has mainly focused on making its video-streaming services more reliable for its customers, as well as providing the latter with higher quality. On Monday, shares of Netflix, Inc. (NASDAQ:NFLX) dropped -2.44% to close the day at $314.21. Company return on investment (ROI) is 7.80% and its monthly performance is recorded as -13.72%. Netflix, Inc. (NASDAQ:NFLX) quarterly revenue growth is -17.58%.