http://www.huffingtonpost.com/2014/02/12/c
Comcast is set to buy Time Warner Cable in an all-stock deal, reports CNBC's David Faber.
Faber reported the news on Twitter, announcing that the deal would be made on Thursday morning. The reported share price will be about $159.
Citing sources, Faber disclosed more details of the coming deal.
Bloomberg News corroborated the report, noting that the deal would combine the largest two U.S. cable companies.
According to Bloomberg, Charter Communications and Comcast have been approaching a deal to sell Time Warner Cable assets to Comcast if Charter's shareholders approved.
CNN'S Brian Stelter noted on Twitter that "For Comcast, the crown jewel of [Time Warner Cable] is the New York City market. Soon [Comcast] will have its 30 Rock studios AND the cable pipes beneath."
Comcast is set to buy Time Warner Cable in an all-stock deal, reports CNBC's David Faber.
Faber reported the news on Twitter, announcing that the deal would be made on Thursday morning. The reported share price will be about $159.
Citing sources, Faber disclosed more details of the coming deal.
Bloomberg News corroborated the report, noting that the deal would combine the largest two U.S. cable companies.
According to Bloomberg, Charter Communications and Comcast have been approaching a deal to sell Time Warner Cable assets to Comcast if Charter's shareholders approved.
CNN'S Brian Stelter noted on Twitter that "For Comcast, the crown jewel of [Time Warner Cable] is the New York City market. Soon [Comcast] will have its 30 Rock studios AND the cable pipes beneath."