One of the longest running dramas in the business world will come to an end tomorrow morning with Comcast reportedly agreeing to buy Time Warner Cable for $159 a share in Comcast stock. The deal is worth some $45.2 billion.
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)
BREAKING: Comcast said to agree to pay $159 a share for Time Warner Cable
— Bloomberg TV (@BloombergTV)
This would make the country’s largest cable provider — Comcast, with almost 22 million — even larger as it adds Time Warner’s subscriber pool of 12.2 million, even though the final number will probably be smaller than that.
Comcast will indicate willingness to divest 3m subs from combination with $TWC- sources.