Comcast has made a $45.2 billion, all-stock agreement to acquire Time Warner Cable. The deal would give the company a presence in 19 of the top 20 U.S. markets,
a
Los Angeles Times
report noted.
Media watchdogs are objecting to the deal — which would give Comcast 8 million Time Warner subscribers — on the grounds that it is anti-competitive. Comcast CEO Brian Roberts told analysts he expects legislators and regulators to approve it, the
LA Times
article said.
Comcast said that after the deal closes, it would divest about 3 million subscribers so it would not serve more than 30% of U.S. households, the
LA Times
reported. The Federal Communications’ cap on the number of subscribers were thrown out by a federal court in 2009, the report noted. (Source:
Los Angeles Times,
Feb. 13, 2014.)
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