Netflix Wants STOP to Data Limits and 4 Media Titans Making Waves
AOL, Inc. (NYSE:AOL): The $400M aggregate purchase price of shares of common stock desired in the tender offer is inclusive of the around $40M left from the original $250M stock repurchase permitted in August 2011, and makes the total amount AOL plans to return to shareholders this year to around $1.1B. The tender offer starts June 28, 2012, and expires at 5 p.m. EST on August 2, 2012, unless lengthened or shortened by the company. In the terms of the tender offer put forth, AOL shareholders will be able to tender some or all of their shares at an amount within a $27-$30 per share range. Shares of AOL traded up $0.23 (0.84%) recently at $27.54.
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Netflix, Inc. (NASDAQ:NFLX) and Hulu are among Internet companies requesting that U.S. lawmakers halt cable companies from forcing online-data consumption limits on broadband customers. In the early broadband days, it was expected that users could use an unlimited amount of data without drawbacks. However, they are now being prompted to reconsider the issue and precisely how much data they are indeed using. Netflix shares traded up $0.65 (0.98%) recently at $67.14.
Comcast Corporation (NASDAQ:CMCSA): TODAY co-host Ann Curry will now be an Anchor at Large for the program and National and International Correspondent for NBC News. Shares of Comcast traded down 0.11% ($0.35) recently at $30.93.
News Corp.‘s (NASDAQ:NWSA) involvement in the tabloid bribery scandal in Britain has caused the arrest of a former employee of the U.K.’s National Health Service due to suspicion of conspiracy to cause misconduct in a public office, according to Bloomberg. Three dozen individuals have been taken into custody in the course of this case.
SIRIUS XM Radio Inc. (NASDAQ:SIRI): The SiriusXM Internet Radio app is coming to Google TV devices, giving access to the satellite radio company’s commercial-free music, sports, news, comedy, talk, and entertainment content. Shares of Sirius traded down $0.02 (1.34%) recently at $1.85.
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