Last week it was announced that Comcast Corp. would buy Time Warner Cable Inc. (NYSE:TWC) for about $45.2 billion in a deal that would combine the nation’s top two cable TV companies. Time Warner Cable Inc (NYSE:TWC) stock opened at $146.16 in last session, and closed at $144.98, while the day range of stock is $144.42 – $146.45. The stock showed a positive weekly performance of 6.84%.
Warren Buffett’s Berkshire Hathaway cashed out its investment in Dish Network Corp. (NASDAQ:DISH), selling its small stake in the satellite broadcaster while buying a number of shares in Liberty Global Plc, John Malone’s European cable TV giant. DISH Network Corp (NASDAQ:DISH) stock opened at $56.31, in last session and closed at $57.09, by gaining 0.33%. The 52 week range of the stock is $33.79 – $58.87. Company’s market capitalization is $26.14billion.
Shares of media conglomerate CBS Corporation (NYSE:CBS) have risen 5% since Feb 12, when it posted impressive fourth-quarter results. The momentum gathered from the company’s sturdy performance led the stock to hit a new high of $65.93 on Friday, when it eventually closed at $64.96. The stock has amassed a return of 52.7% over the past year. CBS Corporation (NYSE:CBS) stock advanced 2.05% and finished the last session at $66.29. The EPS of the stock remained 3.00. Company’s market capitalization is $39.34 billion.
David Cohen, Comcast Corporation (NASDAQ:CMCSA) ‘s executive vice president and the mastermind behind its deal to buy Time Warner Cable Inc., the only cable company in the Rochester-Finger Lakes region, sounded pugnacious and confident on a recent conference call with investors. Comcast Corporation (NASDAQ:CMCSA) stock opened the session at $53.96, and closed the session at $53.53. The 52 week range of the stock remained $38.75 – $55.28 and the day range was $53.19 – $53.97.