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Comcast has reached an agreement to acquire Time Warner Cable in all-stock transaction worth roughly $159 a share, according to people close to the deal.
The new company, created by the $44 billion purchase, would be by far the largest cable provider in the nation with over 33 million subscribers, and is certain to face a tough review from the Federal Communications Commission.
Comcast to buy Time Warner Cable in all stock deal
The new company, created by the $44 billion purchase, would be by far the largest cable provider in the nation with over 33 million subscribers, and is certain to face a tough review from the Federal Communications Commission.
Comcast to buy Time Warner Cable in all stock deal