Comcast to buy Time Warner Cable

Posted at 8:41 PM, Feb 12, 2014
and last updated 2014-02-12 22:41:46-05

By Brian Stelter

NEW YORK (CNNMoney) — Comcast on Thursday will announce its intent to acquire Time Warner Cable in a $45 billion deal that will combine the two biggest cable companies in the United States.

Comcast has agreed to pay $158.82 per share of Time Warner Cable stock, according to people with direct knowledge of the transaction who insisted on anonymity because the deal will not be publicly announced until Thursday morning.

The terms of the deal were first reported on Wednesday night by CNBC.

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