Comcast to Acquire Time Warner Cable for $45.2 Billion

Comcast to Acquire Time Warner Cable for $45.2 Billion

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Comcast Corporation and Time Warner Cable today announced that their Boards of Directors have approved a definitive agreement for Time Warner Cable to merge with Comcast. The agreement is a friendly, stock-for-stock transaction in which Comcast will acquire 100 percent of Time Warner Cable’s 284.9 million shares outstanding for shares of CMCSA amounting to approximately $45.2 billion in equity value.

Each Time Warner Cable share will be exchanged for 2.875 shares of CMCSA, equal to Time Warner Cable shareholders owning approximately 23 percent of Comcast’s common stock, with a value to Time Warner Cable shareholders of approximately $158.82 per share based on the last closing price of Comcast shares.

The new cable company, which will be led by President and CEO Neil Smit, is said to generate multiple pro-consumer and pro-competitive benefits, including an accelerated deployment of existing and new innovative products and services for millions of customers. American consumers will reportedly benefit from technological innovations, including a superior video experience, higher broadband speeds, and the fastest in-home Wi-Fi. The transaction also will generate significant cost savings and other efficiencies

The companies said the merger agreement between Comcast and Time Warner Cable is subject to shareholder approval at both companies and regulatory review and other customary conditions and is expected to close by the end of 2014.


Comcast to Acquire Time Warner Cable for $45.2 Billion

Comcast to Acquire Time Warner Cable for $45.2 Billion
El Compa - February 14, 2014 at 10:13am
Fuck cable. Greedy companies. Horrible customer service.
Obamafailed - February 13, 2014 at 9:57pm
Absolutely big NO
toomuchmoney - February 13, 2014 at 9:44pm
more reason to torrent and not use crap like apple tv that can't play off a usb. Cable is too much as it is, they will increase that for sure.
Johnny Cage - February 13, 2014 at 9:21pm
My shit better not go up in price... >:O
Juju - February 13, 2014 at 5:32pm
Numer 1 & 2 cable television in the country merging into 1.thats it! Now they are going to hijack prices up, and do whatever they want...fuck!!
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