Comcast reportedly set to buy Time Warner Cable for $45.2 billion

[unhappycamper]

http://www.rawstory.com/rs/2014/02/12/comcast-reportedly-set-to-buy-time-warner-cable-for-45-2-billion/

Comcast reportedly set to buy Time Warner Cable for $45.2 billion
By Reuters
Wednesday, February 12, 2014 23:35 EST
By Liana B. Baker

(Reuters) – Comcast , the largest U.S. cable company, will buy No. 2 Time Warner Cable for $45.2 billion in an all-stock deal, or $158.82 per share, according to people familiar with the matter.

Comcast is planning to acquire all of Time Warner Cable’s shares in a friendly deal set to be announced on Thursday morning, said the sources, who did not want to be identified because the matter was not public.

The proposed combination would be subject to regulatory approval and the two companies expect to close the transaction by the end of the year, the sources said.

Representatives of Comcast and Time Warner Cable declined to comment.

[CFLDem]

1. WTF

Can you say Monopoly?

[Dark n Stormy Knight]

2. Oh, goody. More media consolidation. What could possibly go wrong?