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+ - Comcast Acquiring Time Warner Cable In All-Stock Deal Worth $45 Billion 1

Submitted by Anonymous Coward
An anonymous reader writes "Comcast has agreed to buy Time Warner Cable for $45 billion in stock, in a deal that would combine the nation's two biggest cable operators, according to people familiar with the situation. The boards of both companies have approved the transaction, which will be announced Thursday morning, one of the people said. If this merger goes thru, the new cable giant would tower over its closest video competitor, DirecTV, which has about 20 million video customers."
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Comcast Acquiring Time Warner Cable In All-Stock Deal Worth $45 Billion

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