Report: Comcast to Buy Time Warner Cable

Comcast is expected to announce a deal worth $44 billion to buy out rival cable operator Time Warner Cable today, according to a Bloomberg report. The company will reportedly announce today that it plans to pay $159 a share to Time Warner Stock holders.

The deal is still subject to government approval, which would put Comcast back in the sights of the FCC, who likely remembers promises it made concerning the Comcast buyout of NBC Universal (the company promised not to prioritize its own video services over competing services ala net neutrality rules). Comcast is also notorious for its data capping policies, which could prove to be a shocking new reality for Time Warner Cable subscribers.

The deal is not yet official, and there are some analyst that believe the deal will have an uphill battle in getting government approval. There's also Charter, who may or may not make a counter-offer to Time Warner shareholders.

We will have more on this story as it develops.

Bloomberg has more analysis and details on the fight between Charter Communications and Comcast to win the hearts and minds of shareholders…

Source: Bloomberg

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  1. 0
    Neo_DrKefka says:

    That because of the horrible people they choose to hire in the customer service industry here around the Chicagoland Area. Comcast's main Call Centers are here in Illinois. If you watch the Comcast Commericals about they're state of the art Call Centers as someone who has visited and been in the Tinley Park location which handles Billing and Maintence issues then you'd know that's far from the truth.

    The problem is they are not willing to pay for true customer service professionals which means hiring people for $11.50 an hour which Manpower screens for Comcast.  Also regardless of what your calling for all Comcast Call Center Employees are required to sell you something.

    • If your calling because your technician is late they are required to sell you something.
    • If your calling because of a billing error they are required to sell you something.
    • If your calling period they are required to sell you something.


    This is apart of their employee metrics to keep their jobs. They are required to sell for the majority of their calls or they will eventually lose their jobs. So this means with a high turn over and being threatened with every call Customer Service is not the main thought when speaking to a customer calling in.

  2. 0
    Neeneko says:

    To the best of my knowledge, Comcast does not throttle, they are simply unstable ^_^;

    Though more to the point, many of their systems just can't handle the load.  They have bought up dozens if not hundreds of smaller companies and meshed all their systems together creating a routing and billing nightmare from which there is no escape.

  3. 0
    Sleaker says:

    Are there actual articles about comcast throttling?  I have firsthand experience of not being throttled for 10+ years.  Nor have any of the connections or people I work with experienced this in my area.


    EDIT: I was able to dig up their data capping stuff that was set at 250GB per month (in some markets only) which has now been updated:

  4. 0
    Andrew Eisen says:

    As a Time Warner customer (because that's the only option where I live), this fills me with much dread, especially as a YouTube producer who already deals with throttled upload speeds.


    Andrew Eisen

  5. 0
    Sleaker says:

    What capping is being referred to?  You pay for a specific service rate and you average that.  Maybe it's just my area but I've never had issues with 'capping' from comcast.

  6. 0
    Neo_DrKefka says:

    Even with the Cable lobbyists trying to make it as hard as possible for Google Fiber to grow it is inevitable that Google Fiber will destroy the broadband networks as is. Time Warner and Comcast are using 14 year old refurbished modems and old hardware whenever possible. It's like AOL all over again there is no way these companies can survive unless they team up and oppose Google's advance.

    At this point Time Warner is threatened because Google Fiber has moved into its territory and has been taking a chunk away from them where ever they go. As someone who has had both Time Warner and Comcast I can say Time Warner is the worst of the two.

    If anything Comcast and GE are pals of the Democratic Majority in the Senate and the White House. Every time there is a buyout that should not have been improved someone gets a nice job working at Comcast from the FCC. If this deal happens it would be bad for all but I am more hopeful Google Fiber will put Comcast and Time Warner in there place.

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