- 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)
From other sites
at CNBC.com (May 11, 2015)
Video at CNBC.com (May 11, 2015)
at CNBC.com (May 4, 2015)
Video at CNBC.com (May 4, 2015)
Video at CNBC.com (Apr 9, 2015)
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