AAPL Stock: 118.88 ( + 1.13 )

Printed from

Time Warner Cable rumored to have approved $44.2B sale to Comcast

updated 10:25 pm EST, Wed February 12, 2014

Deal offers $159 per share for buyout

Reports of a finalized deal between Time Warner Cable and Comcast have begun to circulate. According to CNBC reporter David Faber, Comcast will be offering $159 per share to purchase Time Warner Cable. Any deal would be subject to Federal Communications scrutiny, and would likely take over a year to finalize.

If accurate, the single-party purchase scuttles reports of splitting the cable provider between Comcast and Charter. At the close of business, Time Warner Cable stock closed at $134.90, but is now over $135 on news of the potential deal. Charter's deal offered $132.50 a share, with Time Warner Cable asking for $160 in a counter-offer.

by MacNN Staff



Login Here

Not a member of the MacNN forums? Register now for free.


Network Headlines

Follow us on Facebook


Most Popular


Recent Reviews

Ultimate Ears Megaboom Bluetooth Speaker

Ultimate Ears (now owned by Logitech) has found great success in the marketplace with its "Boom" series of Bluetooth speakers, a mod ...

Kinivo URBN Premium Bluetooth Headphones

We love music, and we're willing to bet that you do, too. If you're like us, you probably spend a good portion of your time wearing ...

Jamstik+ MIDI Controller

For a long time the MIDI world has been dominated by keyboard-inspired controllers. Times are changing however, and we are slowly star ...


Most Commented