-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, EQj/deGRoiU7Cbg9Yy18h3wJdxZOLbPkXVG9sKfjfiiw6hBUaXUB3+iUQ+LODIJ8 zJtjtLu8cqeYkYJd2oxmlg== 0000950159-00-000001.txt : 20000105 0000950159-00-000001.hdr.sgml : 20000105 ACCESSION NUMBER: 0000950159-00-000001 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19991223 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 20000104 FILER: COMPANY DATA: COMPANY CONFORMED NAME: COMCAST CORP CENTRAL INDEX KEY: 0000022301 STANDARD INDUSTRIAL CLASSIFICATION: CABLE & OTHER PAY TELEVISION SERVICES [4841] IRS NUMBER: 231709202 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-15471 FILM NUMBER: 501318 BUSINESS ADDRESS: STREET 1: 1500 MARKET STREET CITY: PHILADELPHIA STATE: PA ZIP: 19102-2148 BUSINESS PHONE: 2156651700 MAIL ADDRESS: STREET 1: 1500 MARKET STREET CITY: PHILADELPHIA STATE: PA ZIP: 19102-2148 8-K 1 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ------------------ FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) of the SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): December 23, 1999 COMCAST CORPORATION ------------------------------------------------------ (Exact name of registrant as specified in its charter) Pennsylvania 0-6983 23-1709202 - ---------------- ---------------- ------------- (State or other (Commission file (IRS employer jurisdiction of number) identification incorporation) no.) 1500 Market Street, Philadelphia, PA 19102-2148 -------------------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (215) 665-1700 -------------- Item 5. OTHER EVENTS On December 23, 1999, Comcast Corporation ("Comcast") announced that it had entered into a definitive agreement to acquire the 45% ownership interest in cable operator Comcast MHCP Holdings, L.L.C., an indirect majority owned subsidiary of Comcast, currently held by the California Public Employees' Retirement System ("CalPERS"). The purchase price for CalPERS' ownership stake is $750 million in cash. Closing of the transaction is subject to customary conditions including receipt of applicable regulatory approvals. Closing is expected in the first quarter of 2000. A copy of Comcast's press release dated December 23, 1999 is filed herewith as Exhibit 99.1 and is incorporated herein by reference. ITEM 7. Financial Statements and Exhibits. (c) Exhibits: 99.1 Press Release dated December 23, 1999. 2 SIGNATURE --------- Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Dated: January 4, 2000 COMCAST CORPORATION By: /s/ Joseph J. Euteneuer ----------------------- Joseph J. Euteneuer Vice President and Corporate Controller 3 EXHIBIT INDEX ------------- 99.1 Press Release dated December 23, 1999. 4 EX-99.1 2 FOR IMMEDIATE RELEASE COMCAST TO ACQUIRE CALPERS' INTEREST IN JOINTLY OWNED CABLE PROPERTIES Philadelphia, PA - December 23, 1999... Comcast Corporation today announced that it has entered into a definitive agreement to acquire the 45% ownership interest in cable operator Comcast MHCP Holdings, L.L.C. currently held by the California Public Employees' Retirement System ("CalPERS"). The purchase price for CalPERS' ownership stake is $750 million in cash. Comcast MHCP served approximately 642,000 cable subscribers as of September 30, 1999 across parts of Michigan, New Jersey and Florida. The company was formed in December 1994 by Comcast (55%) and CalPERS (45%) in order to purchase the domestic cable operations of Maclean Hunter Limited and has been managed by Comcast since that time. The redemption by an affiliate of Comcast will leave Comcast with 100% ownership of the entity. Closing of the transaction is subject to customary conditions including receipt of applicable regulatory approvals. Closing is expected in the first quarter of 2000. Comcast Corporation (www.comcast.com [http://www.comcast.com] ) is principally involved in the development, management and operation of broadband cable networks and the provision of programming content, through principal ownership of QVC, Comcast-Spectacor and Comcast SportsNet, a controlling interest in E! Entertainment Television and through other programming investments. Comcast's Class A Special Common Stock and Class A Common Stock are traded on the Nasdaq Stock Market under the symbols CMCSK and CMCSA, respectively. ### -----END PRIVACY-ENHANCED MESSAGE-----