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CNBC reporter David Faber tweeted tonight a post stating cable and internet service provider company Comcast will be buying its competitor Time Warner Cable for US$159 a share. At a market value of $45 billion in stock, the purchase of TWC by Comcast will put together the top two cable operators in the United States. The merge between the No.1 and No.2 cable companies must be approved by the Federal Communications Commission. An announcement should be made by tomorrow. Other companies that were also in the competition to get TWC were Charter Communications and Liberty Media.

If the purchase gets approved by the FTC, it would be a Comcastic day for the company.

[Source]: WSJ.com: Comcast Acquiring Time Warner Cable In All Stock Deal Worth $45.2 Billion [http://online.wsj.com/news/articles/SB10001424052702303704304579379801986541412?mg=reno64-wsj&url=http%3A%2F%2Fonline.wsj.com%2Farticle%2FSB10001424052702303704304579379801986541412.html].

Comcast to buy Time Warner Cable

Comcast to buy Time Warner Cable

 

 

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