Comcast and Time Warner Corporate Aquisition?

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Los Angeles — Comcast Corp. has agreed to buy Time Warner Cable Inc. for $45.2 billion in stock, or $158.82 per share, in a deal that will combine the nation’s top two cable TV companies, two people familiar with the matter said late Wednesday.

The deal was approved by the boards of both companies and, pending regulatory approval, is expected to close by the end of the year, the people said. The people spoke on condition of anonymity because the deal had not been announced formally. An announcement is set for Thursday morning, they said.

 Comcast vs Time Warner Cable

Time Warner Cable Inc. (TWC), formerly Warner Cable Communications and sometimes colloquially referred to as simply Time Warner, is an American cable telecommunications company that operates in 29 states and has 31 operating divisions. It is the second largest cable company in the U.S. behind only Comcast. Its corporate headquarters are located in the Time Warner Center in Midtown Manhattan, New York City, with other corporate offices in Stamford, ConnecticutCharlotte, North Carolina; and Herndon, Virginia. Time Warner Cable serves customers in the following 29 states: Alabama, Arizona, California, Colorado, Hawaii, Idaho, Illinois, Indiana, Kansas, Kentucky, Maine, Massachusetts, Michigan, Missouri, Nebraska, New Hampshire, New Jersey, New Mexico, New York, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, Washington, West Virginia and Wisconsin.

time warner comcast stocks merger

Comcast Corporation is the largest mass media and communications company in the world by revenue. It is the largest cable company and home Internet service provider in the United States, and the nation’s third largest home telephone service provider. Comcast provides cable televisionbroadband Internet, telephone service and in some areas home security (including burglar alarmssurveillance camerasfire alarm systems and home automation) to both residential and commercial customers in 40 states and the District of Columbia. Since January 2011, having acquired the majority of the international media company NBCUniversal is also a producer of film and television contents, operates cable channels, national channels (NBC and Telemundo), the major film studio Universal Pictures, and Universal Parks & Resorts.

time warner comcast television corporation

 

 

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moneywithmanuel
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After I realized that television’s only purpose is to advertise commercials and brainwash the masses, I stopped watching…

Although I like to watch the Simpsons every now and then at 7:30pm on Fox 11

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