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

|About: Comcast Corporation (CMCSA)|By:, SA News Editor

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.