"Comcast to buy Time Warner Cable"

[applegrove]

Comcast to buy Time Warner Cable

http://money.cnn.com/2014/02/12/investing/comcast-time-warner-cable/index.html?hpt=hp_t2

"SNIP...................................



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 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.

The terms of the deal were first reported on Wednesday night by CNBC.


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[ChisolmTrailDem]

1. TWC is my provider.... Oh shit!

[freshwest]

2. That's my money they're blowing there: I object! Not enough to go offline, though... n/t

[applegrove]

3. This may sound stupid but is Time Warner Cable not Time Warner?

[Renew Deal]

4. That doesn't sound like a good idea

[applegrove]

5. Yeah I'm worried about too much power in too few hands. Which is the biggest

problem in the US today.