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Thursday, June 12, 2014

U.S. Senate panel to examine AT&T plan to purchase DirectTV, (NYSE: TWC), (NYSE: TWX)

The U.S. Senate Judiciary Committee's antitrust panel will hold a hearing on June 24 to examine the proposed purchase by AT&T of DirectTV, the committee said on Thursday.The House of Representatives Judiciary Committee will hold its hearing on the same day to discuss plans by AT&T, the No. 2 U.S. cellular operator, to purchase the largest U.S. satellite TV provider for $48.5 billion.AT&T has said that it wanted to buy DirectTV in order to offer consumers access to video in a variety of media and to give the company scale to compete with larger cable competitors.The deal is one of three roiling the cable and wireless landscape. The other two are Comcast's $45.2 billion bid for Time Warner Cable and Sprint's potential bid for TMobile US.

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 fell by 0.2% or $-0.29/share to $142.72. In the past year, the shares have traded as low as $93.57 and as high as $147.28. On average, 2354150 shares of TWC exchange hands on a given day and today's volume is recorded at 1324042.

Time Warner Inc. (Time Warner) is a media and entertainment company. Shares of TWX fell by 0.8% or $-0.55/share to $68.37. In the past year, the shares have traded as low as $53.41 and as high as $69.39. On average, 5550640 shares of TWX exchange hands on a given day and today's volume is recorded at 6006825.



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