Comcast to Acquire Time Warner Cable In $45.2 Billion Deal

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Comcast Corporation (Comcast), the nation’s largest cable and Internet service provider, has announced it will acquire Time Warner Cable (TWC), the nation’s second-largest cable provider. The companies announced the friendly $45.2 billion all-stock transaction on February 13, 2014. Each TWC share would be exchanged for 2.875 Comcast shares, meaning that TWC shareholders would own approximately 23 percent of Comcast’s common stock. This amounts to approximately $158.82 per share, markedly higher than the $132.50-per-share figure proposed by Charter Communications in December. The combined company would have 33 million subscribers, though Comcast has indicated its willingness to divest systems serving approximately 3 million subscribers. The deal is subject to shareholder approval at each company and both state and federal regulatory review.

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