This is trending all over the internet and I'm interested in discussing it with my fellow audio aficionados. Thoughts?
I live in the mid-west, under the umbrella of TWC and Charter neighbors just a couple hours away. Let's discuss!
The Wall Street Journal has reported that the deal will take place. The all-stock deal will reportedly be at $159 per share of Time Warner Cable, a deal with a market value of $44.2 billion according to Barron's calculations. The Wall Street Journal says the companies will merge "in a $45 billion deal." Faber suggests that a Comcast / Time Warner Cable combination will get a tough review from the Federal Communications Commission, as you might expect with a telecom merger of this magnitude. According to Faber, Comcast is willing to shed some 3 million of its subscribers in an attempt to placate regulators.
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.