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→Company Expansion
In 1995, the company purchased 57.45% stakes of QVC valued at $46 per share. The company assumed the management of the company.<ref>[http://apps.shareholder.com/sec/viewerContent.aspx?companyid=CMCSA&docid=647703 Comcast Corporation Form 8-K Current Report, February 9, 1995]</ref> The following year 1996, Comcast acquired E.W. Scripps Company with 93.049 million shares of Class A Special Common Stocks valued at $1.552 billion.<ref>
In 1995, the company purchased 57.45% stakes of QVC valued at $46 per share. The company assumed the management of the company.<ref>[http://apps.shareholder.com/sec/viewerContent.aspx?companyid=CMCSA&docid=647703 Comcast Corporation Form 8-K Current Report, February 9, 1995]</ref> The following year 1996, Comcast acquired E.W. Scripps Company with 93.049 million shares of Class A Special Common Stocks valued at $1.552 billion.<ref>
[http://apps.shareholder.com/sec/viewerContent.aspx?companyid=CMCSA&docid=842734 Comcast Corporation Form 8-K Current Report November 13, 1996]</ref> During the same year, the company engaged in a sports venture and launched Comcast-Spectator after purchasing NHL Philadelphia Flyers, the NBA Philadelphia 76ers, the First Union Spectrum and the First Union Center. The company also created the Comcast SportsNet Channel. In addition, the company also entered in the broadband business after acquiring Sarasota Online, the largest internet provider in Florida owned by Richard Swier.<ref>[http://homeinternetproviders.org/comcast/ Home Internet Providers, Comcast History]</ref>
[http://apps.shareholder.com/sec/viewerContent.aspx?companyid=CMCSA&docid=842734 Comcast Corporation Form 8-K Current Report November 13, 1996]</ref> During the same year, the company engaged in a sports venture and launched Comcast-Spectator after purchasing NHL Philadelphia Flyers, the NBA Philadelphia 76ers, the First Union Spectrum and the First Union Center. The company also created the Comcast SportsNet Channel. In addition, the company also entered in the broadband business after acquiring Sarasota Online, the largest internet provider in Florida owned by Richard Swier.<ref>[http://homeinternetproviders.org/comcast/ Home Internet Providers, Comcast History]</ref>
On March 22, 1999, Comcast announced entered a $60 billion merger transaction with [[MediaOne Group Inc.]]. The combined company's capitalization was valued at approximately $97 billion and it will become one of the largest broadband networks in the United States with 8 clusters with more than 500,000 costumers per cluster and it will also serve more than 11 million cable subscribers.<ref>[http://www.comcast.com/about/pressrelease/pressreleasedetail.ashx?prid=512&SCRedirect=true Comcast and MediaOne Announce $60 Billion Merger]</ref> However, MediaOne terminated the merger agreement and paid Comcast $1.5 billion termination fee.<ref>[http://www.thefreelibrary.com/Comcast-MediaOne+Merger+Agreement+Terminated%3B+Comcast+Receives+$1.5...-a054565101 Comcast-MediaOne Merger Agreement Terminated; Comcast Receives $1.5 Billion Termination Fee]</ref>
==Products & Services==
==Products & Services==