Author Topic: Comcast to Buy Time Warner Cable, Combining Two Largest U.S. Cable Companies: Report  (Read 316 times)

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Offline Rapunzel

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http://www.theblaze.com/stories/2014/02/12/comcast-to-buy-time-warner-cable-combining-two-largest-u-s-cable-companies-report/

Comcast to Buy Time Warner Cable, Combining Two Largest U.S. Cable Companies: Report
Feb. 12, 2014 10:56pm Jason Howerton   

Comcast Corp. will announce on Thursday morning that it has agreed to buy Time Warner Cable Inc. in an all stock deal worth $159 a share, or $45 billion, four sources familiar with the situation told Bloomberg.


“In the deal, Time Warner Cable shareholders will receive $158.82 a share in stock for their shares, about $23 a share above where TWC has been trading,” the Wall Street Journal reports. “Charter has made three offers, the most recent of which was valued at $132.50, all of which were rejected by TWC as too low.”

According to CNBC, the deal does not “face ownership cap restrictions, but is expected to get a tough review from the FCC.”

TheBlaze recently outlined how 9 TV distributors control roughly 91 percent of channel lineups. Because a number of huge companies have so much control over major programming on TV, it is harder for new or smaller networks to get a seat at the table.

With this deal, Comcast only stands to grow even more influential in the cable industry.
“The time is now near at hand which must probably determine, whether Americans are to be, Freemen, or Slaves.” G Washington July 2, 1776


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