Thursday, February 13, 2014

Comcast confirms $45B Time Warner Cable deal

FILE - In this Feb. 2, 2009 file photo, a Time Warner Cable truck is parked in New York. 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, 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, Feb. 13, 2014, the person said. (AP Photo/Mark Lennihan, File) LOS ANGELES (AP) — Comcast Corp. has confirmed that it agreed to buy Time Warner Cable Inc. for about $45.2 billion in stock, or $158.82 per share, in a deal that would combine the nation's top two cable TV companies.


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