Tech content trusted by users in North America and around the world
6,678 Reviews & Articles | 45,648 News Posts

Comcast to acquire Time Warner Cable in a deal worth $44.2 billion

Comcast to purchase Time Warner Cable for $44.2 billion in an all-stock deal (NASDAQ:CMCSA, NYSE:TWC)
| Business, Financial & Legal News | Posted: Feb 13, 2014 3:39 am

CNBC is reporting from multiple sources that Comcast will soon announce a deal to purchase Time Warner Cable in a deal worth $44.2 billion. There are 227.9 million Time Warner Cable shares outstanding, with the deal being calculated at a total of $44.2 billion.

 

comcast_to_acquire_time_warner_cable_in_a_deal_worth_44_2_billion_10

 

Time Warner Cable stock hit $135.31, with the deal seeing TWC holders earning a nice 18% premium. Comcast will reportedly divest three million subscribers in order to fan down regulatory worries. CNBC's David Faber, the man behind the report, says: "Comcast deal for $TWC does not face ownership cap restrictions, but sure to get tough review from FCC. $CMCSA wants to avoid consent decree".

NEWS SOURCES:Blogs.barrons.com

Related Tags

Got an opinion on this news? Post a comment below!

Latest News Posts

View More News Posts

Forum Activity

View More Forum Posts

Press Releases

View More Press Releases
Subscribe to our Newsletter
Or Scroll Down