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Reports: Comcast looking to buy Time Warner Cable for more than $45 billion |
February 13, 2014
Comcast is expected to announce Thursday that it will buy Time Warner Cable in an all-stock deal, according to reports.
The acquisition will combine the top two cable operators in the country, and may end a long-standing bid by another cable operator, Charter Communications.
The value of the deal, which will require regulatory approvals including antitrust clearances, could be more than $45 billion, according to the news reports.
Time Warner Cable is a large provider of video, high-speed data and voice services in the U.S., and had 15.1 million customers as of Sept. 30, including 14.5 million residential customers and the rest business subscribers. With $22 billion in revenue last year, it has cable systems in key geographic areas such as New York state, southern California and Texas.To read this article in full or to leave a comment, please click here
Link: http://www.pcworld.com/article/2097600/comcast-said-to-buy-time-warner-cable-in-over-45b-deal.html#tk.rss_all
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