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Comcast and TWC to merge in $45B deal


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#1 #Michael

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Posted 13 February 2014 - 14:21

 

 

Comcast and Time Warner Cable on Thursday confirmed the rumors, announcing a $45.2 billion all-stock merger plan, though the deal is yet to be approved by the shareholders of the two companies, and also by regulators including the FCC and the Justice Department. “This transaction will create a leading technology and innovation company, differentiated by its ability to deliver ground-breaking products on a superior network while leveraging a national platform to create operating efficiencies and economies of scale,” Comcast said in a press release.

 

Full article: http://bgr.com/2014/...-warner-merger/

 

And I thought the buyout of NBU by comcast was a bad move.  This is going to suck.




#2 xendrome

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Posted 13 February 2014 - 14:26

I think the FCC/JD will probably block this.



#3 Astra.Xtreme

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Posted 13 February 2014 - 14:35

That sucks.  I was hoping Charter would be able to seal the deal since they're actually a good company.



#4 Kalint

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Posted 13 February 2014 - 14:36

Wonderful satan bought satan jr.



#5 PGHammer

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Posted 13 February 2014 - 14:40

That sucks.  I was hoping Charter would be able to seal the deal since they're actually a good company.

TWC's board doubts Charter could swing the deal financially - they do NOT want to take less than their company is thought to be worth; do you blame them?

 

Would you rather Cablevision acquired TWC?



#6 +timster

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Posted 13 February 2014 - 14:47

already posted .. http://www.neowin.ne...e-warner-cable/