Comcast is considering spinning off the 3 million subscribers it has offered to divest as part of its proposed $45.2 billion takeover of Time Warner Cable , into a publicly traded company, according to sources familiar with the matter. The sources, who did not want to be named because the plans are private, said that Comcast had not yet made a decision and this is just one option it is considering. Comcast has said it is willing to divest 3 million subscribers to reduce U.S. regulators' competitive concerns.Comcast has said it plans to submit documents on its proposed Time Warner Cable acquisition to U.S. regulators by the end of March, when antitrust and public interest reviews will be launched.The deal has drawn concern from consumer advocates and some lawmakers who worry that the new company's size would give it too much power to decide what Americans can watch on TV and do online.Comcast may sell the cable systems - whose location has yet to be determined - to a strategic buyer but a spinoff may be more tax efficient to shareholders of the combined company, the person added.
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 1.26% or $1.75/share to $140.35. In the past year, the shares have traded as low as $86.08 and as high as $147.28. On average, 3582560 shares of TWC exchange hands on a given day and today's volume is recorded at 3649658.
Time Warner Inc. (Time Warner) is a media and entertainment company. Shares of TWX traded higher by 2.07% or $1.36/share to $67.13. In the past year, the shares have traded as low as $52.66 and as high as $70.77. On average, 5281290 shares of TWX exchange hands on a given day and today's volume is recorded at 7495396.
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