Comcast Set to Acquire Time Warner Cable

[octoberlib]

Comcast will announce a deal to acquire Time Warner Cable in an all-stock deal that will unite the biggest and second largest cable television operators in the country, according to people briefed on the matter. .

The surprise merger — expected to be announced on Thursday — is likely to bring to an end a protracted takeover battle that a smaller cable rival, Charter Communications, has been waging for Time Warner Cable, and will be the second major deal for Comcast in recent years to radically reshape the American media landscape.

Time Warner Cable shareholders will receive 2.875 shares of newly issued Comcast common stock for each of their shares. Based on Comcast’s closing price of $55.24 on Wednesday, that values each Time Warner Cable share at about $158.82 each.

David Faber of CNBC earlier reported the deal.

http://dealbook.nytimes.com/2014/02/12/comcast-set-to-acquire-time-warner-cable/?_php=true&_type=blogs&_r=0

[Agschmid]

1. That sucks for the consumer...

[octoberlib]

5. Yes. Pretty soon one company will own everything! nt

[Nika]

2. Great. The corporation that killed net neutrality is working to become an Internet monopoly.

[WillyT]

3. Shit...

& Rec !!!

[BainsBane]

4. Just when you thought cable service couldn't get any worse

or more expensive, it does. Monopoly capitalism at work. So much for competition.

[sabbat hunter]

6. regulators should

reject it.

[nadinbrzezinski]

7. This is not a monopoly