Comcast and Time Warner Cable on Thursday confirmed the rumors, announcing a $45.2 billion all-stock merger plan, though the deal is yet to be approved by the shareholders of the two companies, and also by regulators including the FCC and the Justice Department. “This transaction will create a leading technology and innovation company, differentiated by its ability to deliver ground-breaking products on a superior network while leveraging a national platform to create operating efficiencies and economies of scale,” Comcast said in a press release. In the event that the merger between the top two TV cable providers in the U.S. is approved, the resulting company will be home to around 30 million subscribers. Following the merger, Comcast says that more
Giant pay TV provider is born as Comcast and TWC confirm $45B merger
13
Feb
2014
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