SIGN UP FOR THE BREITBART EMAIL NEWSLETTER

Comcast Buying Time Warner Cable

CNBC is reporting that Comcast is preparing to buy Time Warner Cable and an official  announcement is expected on Thursday. The “all stock deal” is said to be worth $159 per Time Warner Cable share.

The total value of the deal will be $45.2 billion.

The merger will unite the largest and second largest cable television operators in the country, and could end a long-running bid by smaller cable rival – Charter Communications – to buy Time Warner Cable.

The transaction doesn’t face ownership cap restrictions, but will likely receive a thorough review by the FCC. 

P.S. DO YOU WANT MORE ARTICLES
LIKE THIS ONE DELIVERED RIGHT TO YOUR INBOX?
SIGN UP FOR THE DAILY BREITBART NEWSLETTER.


Comment count on this article reflects comments made on Breitbart.com and Facebook. Visit Breitbart's Facebook Page.

SIGN UP FOR THE OFFICIAL
BREITBART EMAIL NEWSLETTER

GET TODAY'S TOP NEWS DELIVERED RIGHT TO YOUR INBOX

I don't want to get today's top news.

x