Today in Philly Tech History 2/5/1998: Comcast exits UK cable business

On February 5, 1998, Comcast moved to exit the cable business in the UK by agreeing to sell its operations there to NTL Inc. for around $600 million in NTL stock plus the assumption of Comcast's UK debt. Comcast had 1.6 million subscribers there. Comcast President Brian Roberts said:""While Comcast U.K. has been a leading performer in the U.K. cable and telephone industries, we have determined that long-term success in this market will require greater size and market presence than Comcast U.K. has in its asset base."

It is timely to remember this on the very day that Liberty Global agrees to acquire Virgin Media, effectively becoming Comcast's equivalent in Europe.


Google acquires ICG's majority-owned Channel Intelligence for $125 million

Google has acquired Radnor-based ICG's 52%-owned Channel Intelligence for $125 million, ICG announced this morning.

Orlando-based Channel Intelligence helps marketers track where their products are being sold online. It cites as major customers Target, Philips, HP, Neiman Marcus, Best Buy and Kimberly-Clark. It was founded in 1999.

Early last year ICG increased its stake slightly to exceed 50% and appointed ICG President Doug Alexander as Channel Intelligence CEO. Channel Intelligence's other owner is Aweida Capital Management.

I'll be looking for more details.

Daily Links 2/6/2013: Liberty Global to Acquire U.K.'s Virgin Media

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Liberty Global to Acquire U.K.'s Virgin Media
Deal will expand LG's footprint to 25 million customers in 14 countries
(Broadcasting & Cable)

Comcast takes $11M swing at fantasy sports (Crain's New York Business)

Comcast expands head count and fiber network in Chicago
Company increases focus on Business Class products

Hoopla’s Focus on Fun Delivers Serious Sales Results (Business Wire)
Hoopla has moved its headquarter to Silicon Valley, but its R&D is still based in West

Safeguard Scientifics Deploys $1.33 Million into Sotera Wireless (Business Wire)
As part of a $14.8 million financing.

Revitas Flex 7.6 Achieves SAP Certification as Powered by SAP NetWeaver (Business Wire)

Have an idea for a health care startup?
DreamIt, UPenn, and IBC offer you an unfair advantage
(O'Reilly Radar)
Post describes Gryphon Cafe in Wayne as "East coast hub of health care business networking" (only slightly tongue in cheek, writer says.)