Thursday, February 13, 2014

Comcast strikes deal to buy Time Warner Cable

FILE - In this Feb. 2, 2009 file photo, a Time Warner Cable truck is parked in New York. Comcast has agreed to buy Time Warner Cable for $45.2 billion in stock, or $158.82 per share, in a deal that would combine the top two cable TV companies in the nation, according to a person familiar with the matter who spoke on condition of anonymity because it had not been announced formally. An announcement is set for Thursday morning, Feb. 13, 2014, the person said. (AP Photo/Mark Lennihan, File) LOS ANGELES (AP) — With a single behemoth purchase, Comcast is creating a dominant force in American entertainment and presenting federal regulators with an equally outsized quandary: How should they handle a conglomerate that promises to improve cable TV and Internet service to millions of homes but also consolidates unprecedented control of what viewers watch and download?








via Entertainment News Headlines — Yahoo! News
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