Report: Comcast agrees to buy Time Warner Cable for $159/share


Comcast (CMCSA) agrees to pay $159 a share to purchase Time Warner Cable (TWC), sources tell Bloomberg.

The deal price is only a dollar less than what TWC asked Charter (CHTR) to pony up.

The acquisition is expected to be announced tomorrow.

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Comments (6)
  • JillKennedy
    , contributor
    Comments (69) | Send Message
     
    And so the Great Media Bloodbath of 2014 begins:
    12 Feb 2014, 10:54 PM Reply Like
  • 96815234
    , contributor
    Comments (2401) | Send Message
     
    $TWC stuffs it in the face of John "The Chiseler" Malone. I love it!
    13 Feb 2014, 12:05 AM Reply Like
  • JohnBinTN
    , contributor
    Comments (4441) | Send Message
     
    A whole bunch more people better get ready to have their Netflix throttled... ;)
    12 Feb 2014, 11:07 PM Reply Like
  • idkmybffjill
    , contributor
    Comments (1913) | Send Message
     
    How is the DoJ approving this?
    13 Feb 2014, 03:06 AM Reply Like
  • Esekla
    , contributor
    Comments (4744) | Send Message
     
    As an consumer with already pitiful broadband choices, I hope they don't. A merger between America's most hated company and the one that probably would be most hated if they had Comcast's scale? Kill me now.
    13 Feb 2014, 09:06 AM Reply Like
  • idkmybffjill
    , contributor
    Comments (1913) | Send Message
     
    I like my NFLX...this move would be very bad for consumers, likely much much worse than the proposed AT&T - T Mobile merger.
    13 Feb 2014, 10:19 PM Reply Like
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