Comcast confirms $45B Time Warner Cable deal

Print
Email
|

by RYAN NAKASHIMA

WHAS11.com

Posted on February 13, 2014 at 2:27 PM

LOS ANGELES (AP) -- Comcast Corp. has confirmed that it plans to buy Time Warner Cable for about $45.2 billion in stock in a deal that would combine the nation's top two cable TV companies.
 
   The deal amounts to $158.82 per share, which is about 17 percent above the Wednesday closing price of Time Warner Cable Inc. shares.
 
   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.
 

Print
Email
|