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Comcast Set to Acquire Time Warner Cable for $44 Billion

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Thu, 13 Feb 14 4:35 PM | 57 view(s)
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Comcast Set to Acquire Time Warner Cable for $44 Billion

Comcast will announce a deal to acquire Time Warner Cable in an all-stock deal worth more than $44 billion that will unite the biggest and second largest cable television operators in the country, according to people briefed on the matter.

The surprise merger â€” expected to be announced on Thursday â€” is likely to bring to an end a protracted takeover battle that a smaller cable rival, Charter Communications, has been waging for Time Warner Cable, and will be the second major deal for Comcast in recent years.

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