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

Tweet about this on TwitterShare on FacebookShare on Google+Share on RedditEmail this to someone

Comments are closed.