Comcast Corp said on Thursday it plans to submit documents on its proposed $45 billion takeover of Time Warner Cable Inc to U.S. regulators by the end of March, when antitrust and public interest reviews will be launched.The proposed merger between the two biggest U.S. cable service providers is expected to draw intense scrutiny from the Federal Communications Commission, which reviews whether deals are in the public interest, and either the Department of Justice or the Federal Trade Commission, which share antitrust oversight.The deal has drawn concern from consumer advocates and some lawmakers who worry that the new company's size would give it too much power to decide what Americans can watch on TV and do online.Comcast is targeting the end of March to submit its application to the FCC, spokeswoman Sena Fitzmaurice said. Companies usually have 30 business days to file with the FCC after a deal's announcement.
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 traded higher by 0.47% or $0.66/share to $141.66. In the past year, the shares have traded as low as $84.57 and as high as $147.28. On average, 3626370 shares of TWC exchange hands on a given day and today's volume is recorded at 7708227.
Time Warner Inc. (Time Warner) is a media and entertainment company. Shares of TWX traded higher by 0.56% or $0.36/share to $64.98. In the past year, the shares have traded as low as $51.62 and as high as $70.77. On average, 5145620 shares of TWX exchange hands on a given day and today's volume is recorded at 5193232.
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