US cable operators Comcast, Time Warner Cable announce merger

Cable operator Comcast on Thursday, Feb 13, 2014, confirmed it plans to buy Time Warner Cable for about US$45.2 billion (S$57.2 billion) in stock in a deal that would combine the top two US cable TV companies. -- FILE PHOTO: REUTERS
Cable operator Comcast on Thursday, Feb 13, 2014, confirmed it plans to buy Time Warner Cable for about US$45.2 billion (S$57.2 billion) in stock in a deal that would combine the top two US cable TV companies. -- FILE PHOTO: REUTERS

NEW YORK (AFP) - Cable operator Comcast on Thursday confirmed it plans to buy Time Warner Cable for about US$45.2 billion (S$57.2 billion) in stock in a deal that would combine the top two US cable TV companies.

The deal marks Comcast's triumph over the nation's fourth largest cable operator, Charter Communications and its biggest shareholder, Liberty Media Corp.

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