Comcast Corp said on Thursday it would purchase Time Warner Cable Inc for $45.2 billion in an all-stock deal that combines the two largest U.S. cable operators.The friendly takeover comes as a surprise after months of public pursuit of Time Warner Cable by smaller rival Charter Communications Inc, and immediately raised questions as to whether it would pass regulatory scrutiny.Comcast will pay $158.82 per share, which is roughly what Time Warner Cable demanded from Charter.The combined company would divest 3 million subscribers, about a quarter of Time Warner's 12 million customers. Together with Comcast's 22 million video subscribers, the roughly 30 million total would represent just under 30 percent of the U.S. pay television video market.
Charter Communications, Inc. (Charter) provides cable services in the United States, offering a range of entertainment, information and communications solutions to residential and commercial customers. Shares of CHTR fell by 0.24% or $-0.33/share to $137.57. In the past year, the shares have traded as low as $76.19 and as high as $144.02. On average, 1160560 shares of CHTR exchange hands on a given day and today's volume is recorded at 1671271.
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 2176246.
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 4545492.
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