Comcast To Buy Time Warner Cable In $44.2 Billion All-Stock Deal 303
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by
samzenpus
from the you-can-expect-payment-between-noon-and-4pm dept.
from the you-can-expect-payment-between-noon-and-4pm dept.
symbolset writes "CNBC and many others report Time Warner Cable has agreed to be acquired by Comcast for $44.2 billion. From the article: 'The agreement comes more than eight months after Charter Communictions and Liberty Media made their first foray to try and negotiate a deal to acquire Time Warner Cable (a story broken by CNBC) and follows months of conversations between Time Warner Cable and Comcast about the prospect of a Comcast acquisition of the company. '"
Economies of Scale (Score:5, Funny)
Wow! With their improved economies of scale, my rates should drop, and I should get better service than ever!
Re:SEC block? (Score:5, Funny)
In terms of competition, [Comcast] buying time-warner is a much bigger deal than the blocked attempt of at&t buying t-mobile. This purchase can't possibly be allowed to proceed.
The difference is that cellular is actually competitive, so a change in the market can reduce that competition and give consumers less choice. But in cable, there is usually only one company in any area. So there is no real competition. How much does does their cable coverage overlap?
I have dealt with both companies (in different cities). On a scale of one to ten, I would give Comcast a one. I would give TWC a zero. So a Comcast takeover could be a win for consumers.
Wait ... AOL? (Score:5, Funny)
Surely Time Warner understands by now that getting bought in an all stock deal is a stupid friggin' idea.
Because when AOL bought them with over-inflated .com stocks, it was a terrible idea and ended up with a grossly over-valued company with few actual assets owning a company which had both revenues and assets.
I predict that in the long run this will be a terrible idea for both consumers and stockholders.
Re:ogahdno (Score:5, Funny)
Re:Antitrust lawsuit? (Score:5, Funny)
areas);
Okay there man you're closing out singular parentheses AND reflexively adding semi colons after the end.
Just close out the IDE man. Its ok sometimes not coding is a good thing.