Comcast & Time Warner Complete Merger
Reported by Philly.com, Thursday February the 13th.
As discussed & rumored over the past several weeks, Comcast & Time Warner announced today that two massive companies will merge into a cable TV conglomerate. Comcast will control “the combined entity” in an “all-stock transaction valued at $45.2 billion.” Comcast CEO Brian Roberts quoted the merger as creating a “near national platform” for the expanded entity, now providing cable & broadband access in 43 of the nation’s top 50 TV markets. Time Warner shares will be valued at $158.82 each.
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