Comcast to Acquire Time Warner Cable in Industry-Shaking Deal: Report

Comcast has reached an agreement to acquire Time Warner Cable in a deal that will have major ramifications for the cable market, as well as the media industry as a whole.

The news, first reported by CNBC's David Faber, would mark one of the largest acquisitions in history.

Comcast to buy Time Warner Cable in all stock deal worth $159 per $TWC share- sources. Deal set for tomorrow morning. Ratio is 2.875 $CMCSA.

— DAVID FABER (@davidfaber) February 13, 2014

The all-share deal would value Time Warner Cable at around $158.82 per share, a 17% premium on its Wednesday closing price of $135.51. The total value of the acquisition is around $45 billion Read more...