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.