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Comcast acquires Time Warner Cable for US $ 45 billion
Two of the largest US cable conglomerates will merge following a US $ 45 billion acquisition of Time Warner Cable by Comcast, it has been reported.
Topping a bid by Charter Communications, Comcast will pay $159 per share, representing an 18% premium from Time Warner's closing price of $135.31 on Wednesday.
The move will earn Comcast, the company's 15 million customers across media properties including Internet, phone and cable TV, and add it to its own 53.1 million base.
Although, experts speculate that the said deal is bound to face intense scrutiny from antitrust regulators.
Comcast deal for $TWC does not face ownership cap restrictions, but sure to get tough review from FCC.$CMCSA wants to avoid consent decree.
Read complete here
Two of the largest US cable conglomerates will merge following a US $ 45 billion acquisition of Time Warner Cable by Comcast, it has been reported.
Topping a bid by Charter Communications, Comcast will pay $159 per share, representing an 18% premium from Time Warner's closing price of $135.31 on Wednesday.
The move will earn Comcast, the company's 15 million customers across media properties including Internet, phone and cable TV, and add it to its own 53.1 million base.
Although, experts speculate that the said deal is bound to face intense scrutiny from antitrust regulators.
Comcast deal for $TWC does not face ownership cap restrictions, but sure to get tough review from FCC.$CMCSA wants to avoid consent decree.
Read complete here