Walt Disney Co, Discovery Communications Inc and CBS Corp are being asked for information by U.S. antitrust officials probing Comcast Corp's proposed takeover of Time Warner Cable Inc, Bloomberg reported on Friday. The U.S. Department of Justice has reached out to the companies as it investigates whether the cable-industry merger is anticompetitive, Bloomberg reported, citing three people familiar with the matter.Comcast, the largest U.S. cable provider, offered in February to purchase Time Warner Cable Inc for $45.2 billion in stock. The merger 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.Other media companies have also been approached, Bloomberg reported, citing one of the people familiar with the matter.Among other issues, the antitrust division is asking about most-favored-nation clauses, the report said.
The Walt Disney Company, together with its subsidiaries, is a diversified worldwide entertainment company. Shares of DIS traded higher by 0.03% or $0.03/share to $86.89. In the past year, the shares have traded as low as $60.41 and as high as $87.61. On average, 6117740 shares of DIS exchange hands on a given day and today's volume is recorded at 5016396.
Discovery Communications, Inc. (Discovery) is a global nonfiction media and entertainment company that provide programming across multiple distribution platforms worldwide. Shares of DISCA traded higher by 0.83% or $0.65/share to $78.59. In the past year, the shares have traded as low as $71.56 and as high as $90.76. On average, 1691770 shares of DISCA exchange hands on a given day and today's volume is recorded at 1033297.
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 0.22% or $0.33/share to $148.88. In the past year, the shares have traded as low as $106.01 and as high as $150.51. On average, 1886300 shares of TWC exchange hands on a given day and today's volume is recorded at 1189444.
Time Warner Inc. (Time Warner) is a media and entertainment company. Shares of TWX traded higher by 0.1% or $0.07/share to $72.29. In the past year, the shares have traded as low as $57.59 and as high as $73.07. On average, 5646480 shares of TWX exchange hands on a given day and today's volume is recorded at 3560361.
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