WASHINGTON — Time Warner and Comcast will be one company sooner rather than later, at least that’s what is being reported.
Reuters reported that Comcast will buy Time Warner Cable for $45.2 billion, in a deal that combines the two largest cable operators in the U.S.
This move came as a surprise as Time Warner was nearly bought by the smaller cable company Charter Communications. Now, the question is whether anti-trust regulators will approve the deal to create the largest cable provider in the U.S. Time Warner will be paid $158.82 per share, which is very similar to what Time Warner demanded from Charter during their negotiations.
Combined, the cable behemoth would include some 30 million subscribers, or just under 30% of the American pay television video market. The closest competitor would be DirecTV, which has 20 million subscribers.