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Comcast to buy Time Warner Cable for $45 billion in all-stock deal

Los Angeles: Comcast has agreed to buy Time Warner Cable for $45.2 billion in stock, or $158.82 per share, in a deal that would combine the top two cable TV companies in the nation.That's according

India TV News Desk [ Updated: February 13, 2014 10:33 IST ]
comcast to buy time warner cable for 45 billion in all
comcast to buy time warner cable for 45 billion in all stock deal

Los Angeles: Comcast has agreed to buy Time Warner Cable for $45.2 billion in stock, or $158.82 per share, in a deal that would combine the top two cable TV companies in the nation.


That's according to a person familiar with the matter who spoke on condition of anonymity because it had not been announced formally. An announcement is set for Thursday morning, the person said.

The price is about 17 per cent above Time Warner Cable shares' closing price Wednesday.

The deal trumps a proposal by Charter Communications Inc. to buy Time Warner for about $38 billion in cash and stock worth $132.50 per share and comes just a day after Charter said it was preparing a proxy fight by nominating a full slate of directors to Time Warner Cable's board.

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