Comcast Corp is buying Time Warner Cable Inc for $45.2 billion in an all-stock deal, combining the nation's two largest cable operators, according to people familiar with the matter.Comcast has agreed to acquire all of Time Warner Cable for $158.82 per share in a friendly merger set to be announced on Thursday morning, the people said.If successful, it will be the second time in little more than a year that Comcast has helped reshape the U.S. media landscape after its $17 billion acquisition of NBC Universal was completed in 2013.The proposed combination, which would give roughly 23 percent of the merged company to Time Warner Cable shareholders, is subject to regulatory approval and the two companies expect to close the deal by the end of the year, the people said.
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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