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  6. Comcast Acquires American Cellular Network

M&A Deal Summary

Comcast Acquires American Cellular Network

On February 11, 1988, Comcast acquired communications company American Cellular Network for 230M USD

Acquisition Highlights
  • This is Comcast’s 1st transaction in the Communications sector.
  • This is Comcast’s 5th largest (disclosed) transaction.
  • This is Comcast’s 1st transaction in the United States.
  • This is Comcast’s 1st transaction in New Jersey.

M&A Deal Summary
Date 1988-02-11
Target American Cellular Network
Sector Communications
Buyer(s) Comcast
Deal Type Add-on Acquisition
Deal Value 230M USD

Target

American Cellular Network

Atlantic City, New Jersey, United States
American Cellular Network Corp. is a cellular telephone business.

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Buyer(S) 1

Buyer

Comcast

Philadelphia, Pennsylvania, United States
Category Company
Founded 1963
Sector Media
Employees182,000
Revenue 123.7B USD (2024)
DESCRIPTION
Comcast Center in downtown Philadelphia, Pennsylvania.
Comcast Center in downtown Philadelphia, Pennsylvania.

Comcast is a media and communications company that provides entertainment, information, and communications products and services in the United States and internationally. Comcast was incorporated in 1963 and is based in Philadelphia, Pennsylvania.

DEAL STATS #
Overall 1 of 26
Sector: Communications M&A 1 of 7
Type: Add-on Acquisition M&A Deals 1 of 21
State: New Jersey M&A 1 of 1
Country: United States M&A 1 of 24
Year: 1988 M&A 1 of 1
Size (of disclosed) 5 of 9
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-11-17 Lenfest Communications

United States

Lenfest Communications, Inc., is a diversified entertainment and communications company.

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