Comcast Corp's proposed $45.2 billion takeover of Time Warner Cable Inc could face close scrutiny from U.S. antitrust regulators because of the deal's potential to reshape the country's pay TV and broadband markets.The company resulting from the merger of the top two U.S. cable service providers would boast a footprint spanning from New York to Los Angeles, with a near 30 percent share of the pay TV market as well as a strong position in providing broadband Internet services.The all-stock deal, announced on Thursday, would put Comcast in 19 of the 20 largest U.S. TV markets, and could give it unprecedented leverage in negotiations with content providers and advertisers.The friendly takeover came 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 be blocked by the Department of Justice or the Federal Communications Commission.
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 6.11% or $-8.41/share to $129.16. 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 8501881.
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 7.21% or $9.76/share to $145.07. 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 23913728.
Time Warner Inc. (Time Warner) is a media and entertainment company. Shares of TWX fell by 0.65% or $-0.42/share to $64.64. 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 3464429.
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