The U.S. House of Representatives Judiciary Committee will hold a hearing on June 24 to discuss AT&T's proposed deal to purchase DirecTV, the panel said on Wednesday.The $48.5 billion deal would combine the second-largest U.S. wireless carrier with the No. 1 satellite TV provider.Witnesses will include AT&T Chief Executive Randall Stephenson and DirecTV CEO Michael White, the committee said in a statement.AT&T and DirecTV announced their planned deal on May 18, just a few months after Comcast Corp offered $45 billion for Time Warner Cable Inc, a transaction that would create the leading U.S. cable and broadband Internet powerhouse.
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 0.28% or $0.4/share to $141.99. In the past year, the shares have traded as low as $92.87 and as high as $147.28. On average, 2451870 shares of TWC exchange hands on a given day and today's volume is recorded at 1200367.
Time Warner Inc. (Time Warner) is a media and entertainment company. Shares of TWX fell by 0.34% or $-0.24/share to $70.51. In the past year, the shares have traded as low as $55.71 and as high as $71.40. On average, 5429330 shares of TWX exchange hands on a given day and today's volume is recorded at 2874578.
Source
