Comcast buys Time Warner Cable for $45.2 billion

Comcast Corp announced on Thursday it is about to buy Time Warner Cable Inc. for $45.2 billion according to the boards of both companies which approved the deal early Thursday morning. The takeover surprisingly came after months of public pursuit of Time Warner Cable by smaller rival Charter Communications Inc., and raised questions as to whether it would pass regulatory inspection. Time Warner Cable shareholders will receive $158.82 a share, nearly 18% above where Time Warner Cable shares closed Wednesday’s session. The merged company would transfer 3 million subscribers, about a quarter of...

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