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

JBL Synchros Reflect in-ear headphones

All headphones are not created equally, especially when it comes to use during vigorous activities or workouts. Over-the-ear headphone ...

Linksys WRT1200AC Wi-Fi Router

Once upon a time, a brand-new Linksys router showed up on our doorstep. So we gathered some network-minded friends together, and hooke ...

Rapoo A300 Mini Bluetooth NFC Speaker

The Rapoo Bluetooth Mini NFC Speaker is a little metallic box about the size of a baseball. In spite of its small size, we were very p ...

Advertisement

toggle

Most Commented

 
toggle

Popular News