Comcast Corp will again be working with its longtime antitrust counsel at Davis Polk & Wardwell, as the communications and entertainment group seeks to navigate the U.S. approval process to merge with rival Time Warner Cable Inc.Comcast has used the New York-based law firm repeatedly for antitrust matters, most notably its successful bid to purchase a majority of NBC Universal from General Electric Co. A team of Davis Polk lawyers helped win U.S. Justice Department approval for that deal in January 2011.The two cable giants are proposing a $45.2 billion combination that is likely to face scrutiny from antitrust enforcers because of the deal's potential to reshape pay TV and broadband markets in the United States.The antitrust team will be led by Arthur Burke, a Comcast spokeswoman said. Burke is a member of Davis Polk's litigation department, according to the firm's website.
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 0.81% or $1.18/share to $145.99. In the past year, the shares have traded as low as $84.57 and as high as $146.19. On average, 3290400 shares of TWC exchange hands on a given day and today's volume is recorded at 7998626.
Time Warner Inc. (Time Warner) is a media and entertainment company. Shares of TWX traded higher by 1.03% or $0.665/share to $65.26. In the past year, the shares have traded as low as $51.62 and as high as $70.77. On average, 5095120 shares of TWX exchange hands on a given day and today's volume is recorded at 3613937.
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