Comcast to purchase Time-Warner

This is major……

Comcast is set to buy Time Warner Cable in an all-stock deal that values Time Warner at $159 per share, CNBC’s David Faber reports on Twitter.

At $159, Comcast would be paying an 18% premium to today’s closing price. It would value Time Warner Cable at ~$45 billion. Comcast is valued at $146.5 billion.

This would make one gigantic cable company.

[via BI]

 

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