Comcast has reached an agreement to acquire Time Warner Cable in a deal that will have major ramifications for the cable market, as well as the media industry as a whole.
The news, first reported by CNBC’s David Faber, would mark one of the largest acquisitions in history.
Comcast to buy Time Warner Cable in all stock deal worth $159 per $TWC share- sources. Deal set for tomorrow morning. Ratio is 2.875 $CMCSA.
— DAVID FABER (@davidfaber) February 13, 2014
The all-share deal would value Time Warner Cable at around $158.82 per share, a 17% premium on its Wednesday closing price of $135.51.
The deal will need to be approved by the Federal Communications Commission, which could raise questions about the effects of the deal on competitiveness in the cable industry Read more…
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