Comcast Corp has reassessed the timing of the regulatory review of its proposed merger with Time Warner Cable Inc and now expects its conclusion in the middle of this year, a company executive said in a blog post on Wednesday. The $45 billion deal is under review by the U.S. Justice Department and the Federal Communications Commission. The FCC earlier this month paused the informal countdown toward its decision as it awaits a court ruling related to how it should handle disclosures of some documents involved in the review."Given the FCC's recent decision to pause the shot clock, we have recently reassessed the time frame when we expect the government's regulatory review to be completed and now expect that the review should be concluded in the middle of the year," Comcast Executive Vice President David Cohen said in the post.
Time Warner Cable Inc. (TWC) is a provider of video, high-speed data and voice services in the United States with clustered cable systems located in five geographic areas including New York State, the Carolinas, the Midwest, Southern California and Texas. Shares of TWC fell by 0.31% or $-0.47/share to $150.53. In the past year, the shares have traded as low as $128.78 and as high as $159.94. On average, 2207120 shares of TWC exchange hands on a given day and today's volume is recorded at 687705.
Time Warner Inc. (Time Warner), is a media and entertainment company. Shares of TWX fell by 0.6225% or $-0.5375/share to $85.80. In the past year, the shares have traded as low as $59.87 and as high as $88.25. On average, 4490680 shares of TWX exchange hands on a given day and today's volume is recorded at 964892.