Comcast’s announcement today that it has signed a deal to acquire a majority stake in Disney’s broadband business was a big deal for the online video company.
Comcast is a large player in the online TV business and its acquisition of Disney could be a big boost for Comcast’s streaming video business.
It could also help Comcast expand its own video offering.
Comcast and Disney’s deal is worth about $50.5 billion.
The deal includes Comcast acquiring a 51% stake in Walt Disney Studios, a 21% stake and Disney owning a 10% stake of the company.
Disney’s shares have risen by about 30% since the deal was announced, and the deal’s closing price was $48.50.
Comcast’s deal with Walt Disney includes a deal that could create a lot of jobs in the local market.
Walt Disney is already building out its local content infrastructure, and Comcast will help it to do that.
Comcast also said it will invest more than $100 million in its local TV business, including more than a dozen TV channels and stations that are expected to be acquired in the next year.
Comcast has a long history in local TV, which it has used to bring content to customers.
Comcast, which also owns NBCUniversal, owns NBC News, which has a presence in more than 200 cities.
Comcast said it plans to add 100,000 local TV subscribers in 2020.
Comcast hopes that by owning local TV businesses, Comcast can help it become more effective in the market.
Comcast acquired NBC News in 2015 for about $45 billion, which included its purchase of the cable channel.
Comcast had already invested $6.8 billion into NBCUniversal in the first quarter of 2020.
But Comcast is also looking to expand its local cable operation.
Comcast bought the local TV operation of the NBC Sports Group in 2015 and is looking to buy Time Warner Cable and DirecTV.
Comcast owns about 1.6 million homes in the United States.