Posted: 11:40 pm Wednesday, February 12th, 2014

Report: Comcast purchases Time Warner Cable for $45 billion 

By Rodney Ho

The New York Times reported tonight that Comcast has agreed to acquire Time Warner Cable for $45 billion. It credits David Faber of CNBC to breaking the story.

The announcement is expected to be made Thursday, the Times wrote.

If the government clears the merger, it would combine the No. 1 cable carrier with the No. 2 carrier.  But it will likely draw anti-trust scrutiny.

Time Warner Cable is not available in metro Atlanta but Comcast dominates the region.

A smaller operator Charter Communications had been trying to acquire Time Warner Cable but Time Warner rejected their offer.

Four years ago, Comcast purchased NBCUniversal from GE Electric for $30 billion.

 

5 comments
Wayne_stuck_in_AL
Wayne_stuck_in_AL

Time Warner owned cable-channels come under their own stock symbol TWX.

David Scott
David Scott

Further more...DirecTv and Dish are watching this closely.  If it passes regulatory, the next merger will between those two...DirecTv being the buyer.

Hank_Hill
Hank_Hill

Rodney, does this deal include the Time Warner owned cable networks such as CNN, TNT, TBS?

juliainatlanta
juliainatlanta

meanwhile the American consumer can get ready to bend over and grab their ankles and Comcrap prepares to stick it to them even more.