Comcast Corp has added Barclays PLC as an adviser as the top U.S. cable provider evaluates a potential deal for Time Warner Cable Inc , according to people familiar with the matter. Comcast hired Barclays late last year to review its deal options, along with JPMorgan Chase & Co that it had earlier tapped for advice, the people said.The people asked not to be named because the matter is not public. Representatives from Comcast and Barclays declined to comment.Reuters reported on Dec. 6 that Comcast brought in JPMorgan as a financial adviser as speculation about cable industry consolidation increased in the past several months.
Barclays PLC (Barclays) is a global financial services provider engaged in retail banking, credit cards, wholesale banking, investment banking, wealth management and investment management services. Shares of BCS fell by 1.66% or $-0.315/share to $18.68. In the past year, the shares have traded as low as $15.43 and as high as $19.59. On average, 2440820 shares of BCS exchange hands on a given day and today's volume is recorded at 1524981.
JPMorgan Chase & Co. (JPMorgan Chase) is a financial holding company. Shares of JPM fell by 0.15% or $-0.09/share to $58.02. In the past year, the shares have traded as low as $45.92 and as high as $59.82. On average, 18059100 shares of JPM exchange hands on a given day and today's volume is recorded at 13787734.
Time Warner Cable Inc. (TWC) is a provider of video, high-speed data and voice services in the United States with systems located in five geographic areas: New York State, the Carolinas, Ohio, Southern California and Texas. Shares of TWC fell by 0.58% or $-0.79/share to $134.92. In the past year, the shares have traded as low as $84.57 and as high as $139.85. On average, 2693730 shares of TWC exchange hands on a given day and today's volume is recorded at 2479165.
Time Warner Inc. (Time Warner) is a media and entertainment company. Shares of TWX traded higher by 0.51% or $0.33/share to $64.73. In the past year, the shares have traded as low as $49.50 and as high as $70.77. On average, 4385540 shares of TWX exchange hands on a given day and today's volume is recorded at 4489699.
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