Comcast, the largest U.S. cable company, will purchase No. 2 Time Warner Cable for $45.2 billion in an all-stock deal, or $158.82 per share, according to people familiar with the matter.Comcast is planning to acquire all of Time Warner Cable's shares in a friendly deal set to be announced on Thursday morning, said the sources, who did not want to be identified because the matter was not public.The proposed combination would be subject to regulatory approval and the two companies expect to close the transaction by the end of the year, the sources said.Representatives of Comcast and Time Warner Cable declined to comment.
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 0.3% or $0.41/share to $135.31. 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 2145120.
Time Warner Inc. (Time Warner) is a media and entertainment company. Shares of TWX traded higher by 0.34% or $0.22/share to $65.06. 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 4543452.
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