2004 Comcast made a $54 billion bid for Disney out of the blue. Everyone laughed at them because it was so unexpected. Their shareholders didn’t like it.
2009 Comcast has spent years saving up massive amounts of cash in their coffers. They’re glancing around. Investors are concerned they may do a repeat.
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This is a vote of confidence that the credit markets and economic outlook has improved and will show even further improvement down the road.
Bank of Tokyo-Mitsubishi UFJ Ltd. CFO Christopher Rupkey • Discussing what the Federal Reserve’s decision to slow down the buying of U.S. Treasuries. This is very good news for the economy, and the economy responded accordingly, with stocks up today. They still plan to continue the $300 billion program, but with an end date of October instead of September. • source