Comcast to Acquire Time Warner Cable in $44 Billion Deal

#ad▼

Bloomberg News’ Alex Sherman reports on the $44 billion deal by Comcast to acquire Time Warner Cable on Bloomberg Television’s “Bloomberg Surveillance.”

Comcast Corp. has confirmed that it agreed to buy Time Warner Cable Inc. for about $45.2 billion in stock, or $158.82 per share. Pending regulatory approval the deal is expected to close by the end of the year. Boards of both companies have approved the purchase.

Comcast operates in Boston, Washington and Chicago, while Time Warner Cable is operated in New York as well as Los Angeles, Dallas and Milwaukee. AT&T and Verizon would be the main competitors of the combined Comcast/Time Warner Cable.

Get updates from The Cardinal ALL NEWS FEEDS on Facebook. Just ‘LIKE’ the ‘Arlington Cardinal Page (become a fan of our page). The updates cover all posts and sub-category posts from The Cardinal — Arlingtoncardinal.com. You can also limit feeds to specific categories. See all of The Cardinal Facebook fan pages at Arlingtoncardinal.com/about/facebook …

Search Amazon …

Search for products sold on Amazon:

Arlingtoncardinal.com is an Amazon Associate website, which means that a small percentage of your purchases gets paid to Arlingtoncardinal.com at no extra cost to you. When you use the search boxes above, any Amazon banner ad, or any product associated with an Amazon banner on this website, you help pay expenses related to maintaining Arlingtoncardinal.com and creating new services and ideas for a resourceful website. See more info at Arlingtoncardinal.com/AdDisclosure