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Comcast to Acquire Time Warner Cable for $45 Billion

davidannis (939047) writes | about 2 months ago

1

davidannis (939047) writes "

Comcast is expected to announce on Thursday an agreement to acquire Time Warner Cable for more than $45 billion in stock, a deal that would combine the biggest and second-biggest cable television operators in the country. For Comcast, which completed its acquisition of NBC Universal, the television and movie powerhouse, from General Electric less than a year ago, the latest deal would be its second big act to radically reshape the media landscape in the United States. And the merger is almost certain to bring to an end a protracted takeover battle that Charter Communications has been waging for Time Warner Cable.

For consumers, this means an even larger company with a reputation for poor customer service aggressively lobbying against things like net neutrality."
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1 comment

hmm... (1)

WeeBit (961530) | about 2 months ago | (#46236085)

I wonder if the big cable companies have ever thought they might be doing a bad thing buying up all the other cable companies? Soon we will just have a couple to choose from, and if Comcast can buy out Time Warner the consumer choice will dwindle down to no choice. Who wants to pay for lousy expensive service that has poor support?
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