Report: Comcast purchases Time Warner Cable for $45 billion
The New York Times reported tonight that Comcast has agreed to acquire Time Warner Cable for $45 billion. It credits David Faber of CNBC to breaking the story.
The announcement is expected to be made Thursday, the Times wrote.
If the government clears the merger, it would combine the No. 1 cable carrier with the No. 2 carrier. But it will likely draw anti-trust scrutiny.
Time Warner Cable is not available in metro Atlanta but Comcast dominates the region.
A smaller operator Charter Communications had been trying to acquire Time Warner Cable but Time Warner rejected their offer.
Four years ago, Comcast purchased NBCUniversal from GE Electric for $30 billion.
About the Author
Rodney Ho writes about entertainment for The Atlanta Journal-Constitution including TV, radio, film, comedy and all things in between. A native New Yorker, he has covered education at The Virginian-Pilot, small business for The Wall Street Journal and a host of beats at the AJC over 20-plus years. He loves tennis, pop culture & seeing live events.
