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Report: Comcast To Acquire Time Warner Cable For $159 A Share

The $42.5 billion deal would make the country's largest cable provider even bigger. And already people are unhappy.

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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

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.

09:45 PM - 12 Feb 14ReplyRetweetFavorite

BREAKING: Comcast said to agree to pay $159 a share for Time Warner Cable

Bloomberg TV @BloombergTV

BREAKING: Comcast said to agree to pay $159 a share for Time Warner Cable

10:05 PM - 12 Feb 14ReplyRetweetFavorite

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.

DAVID FABER@davidfaber

Comcast will indicate willingness to divest 3m subs from combination with $TWC- sources.

09:48 PM - 12 Feb 14ReplyRetweetFavorite

The deal also ends Charter's contentious bidding for Time Warner Cable. A $132.50-a-share bid was rejected by Time Warner earlier this month. Comcast's bid will still have to win regulatory approval and is likely to get a tough look from the FCC.

And even if regulators bless the deal, Comcast's potential new customers — at least the ones on Twitter — are already fuming.

Comcast is apparently going to extend their evil reach

JoeCLucas@JoeCLucas

Comcast is apparently going to extend their evil reach

09:59 PM - 12 Feb 14ReplyRetweetFavorite

Comcast is gonna buy Time Warner Cable? Google is our only hope.

Jeff Brand@Jeff_Brand

Comcast is gonna buy Time Warner Cable? Google is our only hope.

09:59 PM - 12 Feb 14ReplyRetweetFavorite

Time Warner + Comcast = You'll never watch anything on your tv or computer ever again.

BurritoBrosShits@BurritoBrosShit

Time Warner + Comcast = You'll never watch anything on your tv or computer ever again.

09:59 PM - 12 Feb 14ReplyRetweetFavorite

Wait, so Comcast is following me to New York now? God has a funny sense of humor.

Harrison Goodman@GoodmanHarrison

Wait, so Comcast is following me to New York now? God has a funny sense of humor.

09:59 PM - 12 Feb 14ReplyRetweetFavorite

Fck Comcast yo. RT @MsBoss788 Seriously? I reallllly don't want Comcast man. I'm content with twc

Bae La Soul@RHEmarkable

Fck Comcast yo. RT @MsBoss788 Seriously? I reallllly don't want Comcast man. I'm content with twc

09:59 PM - 12 Feb 14ReplyRetweetFavorite

Excited to see what Comcast does with Time Warner Cable on a scale of swallowing knives to hanging myself like the old woman in Airplane.

Katherine Miller@katherinemiller

Excited to see what Comcast does with Time Warner Cable on a scale of swallowing knives to hanging myself like the old woman in Airplane.

09:59 PM - 12 Feb 14ReplyRetweetFavorite

Comcast buying Time Warner Cable. Shit. From bad to worse. https://t.co/ggL7TQKwwG

J. Gobert@MrGobert

Comcast buying Time Warner Cable. Shit. From bad to worse. https://t.co/ggL7TQKwwG

09:59 PM - 12 Feb 14ReplyRetweetFavorite

Comcast is buying TimeWarner Cable. Now we're gonna see if shit customer service can truly scale.

Air News@AirNewsApp

Comcast is buying TimeWarner Cable. Now we're gonna see if shit customer service can truly scale.

09:59 PM - 12 Feb 14ReplyRetweetFavorite

Comcast buys TWC, bringing us all closer to shitty internet monopoly.

Jake@Omnimon

Comcast buys TWC, bringing us all closer to shitty internet monopoly.

09:58 PM - 12 Feb 14ReplyRetweetFavorite

Time Warner being bought out by Comcast. Cable in KY bout to be shitty x2.

DeShawn Hayes@Ville_Hayes

Time Warner being bought out by Comcast. Cable in KY bout to be shitty x2.

09:58 PM - 12 Feb 14ReplyRetweetFavorite

Comcast is buying Time Warner...it's like poop is buying crap

Daniel Greenstein@dg12x

Comcast is buying Time Warner...it's like poop is buying crap

09:58 PM - 12 Feb 14ReplyRetweetFavorite

The thought of Comcast having an even bigger monopoly makes me ill.

Tim Csontos@timcsontos

The thought of Comcast having an even bigger monopoly makes me ill.

09:59 PM - 12 Feb 14ReplyRetweetFavorite

@dmataconis @EdMorrissey @businessinsider Indeed. But merging Comcast & Time Warner is like merging a septic tank & a latrine

Jeff Cox@JCCentCom

@dmataconis @EdMorrissey @businessinsider Indeed. But merging Comcast & Time Warner is like merging a septic tank & a latrine

09:59 PM - 12 Feb 14ReplyRetweetFavorite

LOL. I just tried to pitch this Comcast-TWC story and my TWC service is so bad it timed out

Cooper Fleishman@_Cooper

LOL. I just tried to pitch this Comcast-TWC story and my TWC service is so bad it timed out

09:59 PM - 12 Feb 14ReplyRetweetFavorite

Behold the birth of history's most god-awful company MT @BloombergTV: BREAKING: Comcast agrees to pay $159 a share for Time Warner Cable

Tom Elliott@tomselliott

Behold the birth of history's most god-awful company MT @BloombergTV: BREAKING: Comcast agrees to pay $159 a share for Time Warner Cable

10:09 PM - 12 Feb 14ReplyRetweetFavorite

The idea of getting stuck with Comcast will keep me awake at night. TWC is bad enough.

Lynn@Lynn4MK

The idea of getting stuck with Comcast will keep me awake at night. TWC is bad enough.

10:27 PM - 12 Feb 14ReplyRetweetFavorite

Never thought being a cablevision customer would actually be a good thing #comcast #timewarnercable buyout

Stephen Ries@stephen_ries

Never thought being a cablevision customer would actually be a good thing #comcast #timewarnercable buyout

10:27 PM - 12 Feb 14ReplyRetweetFavorite

Matthew Zeitlin is a business reporter for BuzzFeed News and is based in New York. Zeitlin reports on Wall Street and big banks.

Contact Matthew Zeitlin at matt.zeitlin@buzzfeed.com.

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