The cable industry could be getting significantly smaller. According to CNBC reporter David Faber's sources, Comcast will announce that it is buying Time Warner Cable tomorrow morning.
In a statement to The Verge, Time Warner Cable said it was not confirming any media reports at this time.
If Faber's sources are correct, Comcast has managed to snatch Time Warner Cable right out from under a smaller cable company, Charter Communications. Charter has repeatedly tried and failed to buy TWC, offering $37.4 billion for the company just last month. While that was allegedly a lowball offer designed to draw shareholder attention, Charter reportedly brought in Comcast to help seal the deal with a joint proposal. Now, though, it appears Comcast may have decided to swallow TWC whole.
Source:http://www.theverge.com/2014/2/12/5406936/comcast-will-reportedly-buy-time-warner-cable
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