Comcast Acquires Time Warner Cable for over $40 Billion

CNBC reporter David Faber reports that Time Warner Cable will be purchased by Comcast for over $40 billion. According to multiple sources, the top TV cable provider in the U.S. will make an all-stock deal worth $159 per share.


The agreement will have to pass through regulatory approval by the FCC before any such deal can happen. Comcast is willing to lose about 3 million subscribers to make the deal go through.

The deal comes at a time that may put the most recent Apple TV rumour at stake, or at least have the potential to delay any such deals with Apple.

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