Ron Burgundy Posted February 13, 2014 Share Posted February 13, 2014 Comcast Corp is buying Time Warner Cable Inc for $45.2 billion in an all-stock deal, combining the nation's two largest cable operators, according to people familiar with the matter. The friendly takeover comes as a surprise after months of public pursuit of Time Warner Cable by smaller rival Charter Communications Inc , and immediately raised questions as to whether it would pass regulatory scrutiny. Comcast will pay $158.82 per share, which is roughly what Time Warner Cable demanded from Charter, and the deal will be announced on Thursday morning, the people said. The combined company would divest 3 million subscribers, about a quarter of Time Warner's 12 million customers, the people said. View the full article Quote Link to comment Share on other sites More sharing options...
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