Comcast Corp's proposed $45.2 billion takeover of Time Warner Cable Inc would combine the country's top two cable providers into a colossus that could reshape the U.S. pay TV and broadband industry if it clears regulatory hurdles.The cable provider resulting from the merger will boast a footprint spanning from New York to Los Angeles with a near-dominant position in broadband Internet which may raise the hackles of anti-trust regulators.The deal, which would put Comcast in 19 of the nation's 20 largest TV markets, could give it unprecedented leverage in talks with content providers and advertisers."A deal may face a fierce battle in Washington as you are merging the two largest cable operators," Janney analyst Tony Wible said in a research note.
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 6.89% or $9.32/share to $144.63. In the past year, the shares have traded as low as $84.57 and as high as $139.85. On average, 2886510 shares of TWC exchange hands on a given day and today's volume is recorded at 10994116.
Time Warner Inc. (Time Warner) is a media and entertainment company. Shares of TWX fell by 0.08% or $-0.05/share to $65.01. In the past year, the shares have traded as low as $51.62 and as high as $70.77. On average, 5070630 shares of TWX exchange hands on a given day and today's volume is recorded at 521370.
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