(Reuters) – Comcast , the largest U.S. cable company, plans to acquire No. 2 Time Warner Cable for $158.82 per share in an all-stock deal worth $45.2 billion that is expected to be announced on Thursday, according to two sources familiar with the matter. Comcast is planning to acquire all of Time Warner Cables shares in a friendly deal, said the sources, who did not want to be identified because the details of the deal were not yet public. Comcast is planning to divest 3 million of its U.S. subscribers as part of the deal.
Comments are closed.
