.
Comcast to buy Time Warner Cable
February 12th, 2014
11:25 PM ET

Comcast to buy Time Warner Cable

By Brian Stelter, CNN Senior Media Correspondent

Comcast on Thursday will announce its intent to acquire Time Warner Cable in a $45 billion deal that will combine the two biggest cable companies in the United States. 

Comcast (CCV) has agreed to pay $158.82 per share of Time Warner Cable (TWC,Fortune 500) stock, according to two people with direct knowledge of the transaction who insisted on anonymity because the deal will not be publicly announced until Thursday morning.

The two companies expect the merger to receive government approval and take effect by the end of the year, but regulators are likely to take a close look at the potential impact on consumers.

Read more of Brian's CNNMoney piece here.

Posted by
Filed under: Comcast • Reliable Sources
soundoff (One Response)
  1. TWC Customer

    Why in the world would they expect no regulatory/monopoly issues? Just because they are #1 and #2?

    (use whatever definition of #1 and #2 you wish)

    February 13, 2014 at 12:02 pm | Reply

Post a comment


 

CNN welcomes a lively and courteous discussion as long as you follow the Rules of Conduct set forth in our Terms of Service. Comments are not pre-screened before they post. You agree that anything you post may be used, along with your name and profile picture, in accordance with our Privacy Policy and the license you have granted pursuant to our Terms of Service.