Comcast is considering a $2.5 billion share buyback
Comcast Corporation is going to increase its share buyback plan by over 80% as it prepares to acquire Time Warner Cable for $45 billion. That acquisition is undergoing regulatory review in the next several weeks.
Comcast is considering a $2.5 billion share repurchase to the current $3 billion buyback plan, said Comcast CFO Michael Angelakis in an interview with Bloomberg. The company is planning a sale of assets to complete the deal to produce case for repurchases.