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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.

@anthony256
Anthony Garreffa
Published Wed, Feb 12 2014 9:39 PM CST   |   Updated Sat, Aug 8 2020 10:29 AM CDT

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 | TweakTown.com

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 SOURCE:blogs.barrons.com

Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering.

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