Printed from http://www.electronista.com

Time Warner Cable rumored to have approved $44.2B sale to Comcast

updated 10:25 pm EST, Wed February 12, 2014

Deal offers $159 per share for buyout

Reports of a finalized deal between Time Warner Cable and Comcast have begun to circulate. According to CNBC reporter David Faber, Comcast will be offering $159 per share to purchase Time Warner Cable. Any deal would be subject to Federal Communications scrutiny, and would likely take over a year to finalize.

If accurate, the single-party purchase scuttles reports of splitting the cable provider between Comcast and Charter. At the close of business, Time Warner Cable stock closed at $134.90, but is now over $135 on news of the potential deal. Charter's deal offered $132.50 a share, with Time Warner Cable asking for $160 in a counter-offer.



By Electronista Staff
toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Advertisement

Recent Reviews

Brother HL-L8250CDN Color Laser Printer

When it comes to selecting a printer, it's not exactly something most people put a lot of thought into. Printers are often touted as f ...

Moshi iVisor AG and XT for iPad Air 2

Have you ever tried to put in a screen protector that relies on static to cling to the screen? How many bubbles and wrinkles does it h ...

Epson PowerLite Home Cinema 3500 projector

Trying to find the perfect projector for a home theater can be tricky, as there are bountiful options on the market from a large numbe ...

Advertisement

toggle

Most Commented

 
toggle

Popular News