Comcast To Buy Time Warner Cable for $45.2 Billion | Tattle Tailzz

Comcast To Buy Time Warner Cable for $45.2 Billion

According to Venturebeat and several sources Comcast  company will buy Time Warner Cable. CNBC’s David Faber  says the deal will be  $45.2 billion, Faber did not name his sources.

 

Comcast Corporation confirmed early Thursday its plan to buy Time Warner Cable for $45.2 billion. The deal expands the vast reach of Comcast, already the largest cable company and the owner of NBCUniversal.

 

That would be close to the $160 per share figure that Rob Marcus, Time Warner Cable’s president, was hoping for. It’s unclear if a Comcast-Time Warner Cable deal would receive regulatory approval. The Federal Communications Commission (FCC) might not be so hot on a deal that would bring together such big public-facing service providers.

 

According to THEWRAP: Both company boards  have approved a definitive agreement for the merger, first reported Wednesday by Reuters and other outlets. In the friendly, stock-for-stock transaction, Comcast will acquire 100 percent of Time Warner Cable’s 284.9 million outstanding shares for Comcast shares worth $45.2 billion in equity value.

 

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  • Coffy Brown

    comcast is high but they have good service – They paid for that takeover didnt they – - 45.2 B – Shit!!! I aint mad – hopefully they’ll be able to better train there techs and work on the customer service they deliver that in fact does suck!!!

  • http://Gigionthat.com/ GigiOnThat

    Glad I don’t have Comcast

  • Venessa Thomas

    Eye detest Comcast, they are 22222 high