Comcast confirms $45.2B deal for Time Warner Cable

Comcast (CMCSA) has confirmed reports that it has agreed to acquire Time Warner Cable (TWC) for $45.2B, or $158.82 a share.

The transaction will generate $1.5B in savings and will be accretive to Comcast's cash flow, and it will be tax free to Time Warner's shareholders.

The merger will create a cable TV behemoth with 30M subscribers, so it wouldn't be a surprise if it were to face huge, if not insurmountable, regulatory hurdles.

Time Warner's shares are +12% at $151.50 premarket after closing at $135.31 yesterday. Comcast is +1.4%. (PR)

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Comments (8)
  • Captain Pike
    , contributor
    Comments (890) | Send Message
    stop it
    13 Feb 2014, 08:00 AM Reply Like
  • Esekla
    , contributor
    Comments (4757) | Send Message
    I certainly hope so. Comcast was at one point the most hated company in America, and both of them still regularly top the list.



    It's hard to see how this would help provide sorely needed broadband choice in America, which already lags behind much of the rich world due to lack of competition.



    Maybe someday government will realize that wires are like local public roads, and should be in the public domain.
    13 Feb 2014, 09:18 AM Reply Like
  • Bouchart
    , contributor
    Comments (1162) | Send Message
    I used to work for a company that did a lot of analytical work for telecoms, including TWC, who was my client. Middle management at TWC is highly disorganized and unprofessional. TWC deserves their reputation.
    13 Feb 2014, 10:11 AM Reply Like
  • chopchop0
    , contributor
    Comments (5271) | Send Message
    I love oligopolies :)
    13 Feb 2014, 09:05 AM Reply Like
  • labas112
    , contributor
    Comments (531) | Send Message
    there is no way this will be allowed. then would would stop at&t and verizon from merging.
    13 Feb 2014, 10:09 AM Reply Like
  • labas112
    , contributor
    Comments (531) | Send Message
    Listen to these 'tards talk about how this is actually better for competition. LOL

    13 Feb 2014, 10:34 AM Reply Like
  • ddennisradio
    , contributor
    Comments (26) | Send Message
    In many households across the country you now have five choices as to where you obtain your cable television content. Dish, DirectTV, At&T Uverse, Verizon FIOS, and your local cable provider. These competitors are constantly offering deals to entice the consumer to drop one service and go with another. So I don't know sometimes where all of this monopoly talk on the consumer side is coming from. Comcast itself has battled "cord cutting" for the past several years. Only in the final quarter of 2013 did Comcast report that they had a small increase in cable subscribers. So, in the process of vigorous competition, Comcast developed a better mousetrap when it came to on-line content and programming. Competition forced them to do that which is what an open marketplace should consist of. Also, when networks like ESPN want to demand higher carriage fees for their programming, Comcast is now in a better position to negotiate as a larger player. CBS and Time Warner just went through such a battle which blocked programming to several of CBS's major markets across the country and therefore degraded the product to the consumer. All of the major networks stlll compete for content too. Monday Night Football, The Olympics, Major League Baseball, Kentucky Derby etc. all have plenty of bidders when those contracts come up for renewal, so nobody is controlling all of the content either. LIke someone once said, "if you like your cable provider, you can keep your cable provider." Well, if he did actually say that, for once he would have telling the truth.
    14 Feb 2014, 03:02 PM Reply Like
  • Esekla
    , contributor
    Comments (4757) | Send Message
    Nobody here is talking about TV packages. We're talking about broadband.
    14 Feb 2014, 03:26 PM Reply Like
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