Thursday, July 31st26.0°C
22568
22412

Comcast confirms $45 billion Time Warner Cable all-stock deal that trumps Charter's bid

LOS ANGELES, Calif. - Comcast Corp. has confirmed that it plans to buy Time Warner Cable for about $45.2 billion in stock in a deal that would combine the nation's top two cable TV companies.

The deal amounts to $158.82 per share, which is about 17 per cent above the Wednesday closing price of Time Warner Cable Inc. shares.

The deal trumps a proposal by Charter Communications Inc. to buy Time Warner for about $38 billion in cash and stock worth $132.50 per share and comes just a day after Charter said it was preparing a proxy fight by nominating a full slate of directors to Time Warner Cable's board.

The Canadian Press


Read more Business News




Recent Trending




Today's Market
S&P TSX15323.00-201.82
S&P CDNX1001.31-9.79
DJIA16682.12-198.24
Nasdaq4395.511-67.391
S&P 5001943.96-26.11
CDN Dollar0.9184+0.0013
Gold1310.00+6.70
Oil98.30-1.97
Lumber327.30+5.00
Natural Gas3.73-0.017

 
Okanagan Companies
Pacific Safety0.1850.00
Knighthawk0.01-0.005
QHR Technologies Inc1.21-0.01
Cantex0.085+0.02
Anavex Life Sciences0.252-0.008
Metalex Ventures0.08-0.005
Russel Metals35.19-0.03
Copper Mountain Mining2.75-0.08
Colorado Resources0.21-0.01
ReliaBrand Inc0.10+0.019
Sunrise Resources Ltd0.03-0.005
Mission Ready Services0.16+0.01

 





FEATURED Property
190416111908 Oyama Road
5 bedrooms 4 baths
$595,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Take charge of your debt

Photo: Thinkstock.comWays to reduce your Debt:Make a budget and get budget counselingA basic first step for debt reduction is to prepare a budget and plan your spending. Once you have a budget, you mu...


Geopolitical tensions rattle markets

The Big Picture Geopolitical tensions rattle markets The spectre of rising geopolitical tensions in Ukraine and Gaza cast a shadow over an otherwise positive week in the markets. News that a passenger...


Learn to delegate effectively

Photo: ContributedI have the pleasure of witnessing people delegate tasks quite often. Sometimes with tremendous success and sometimes with disastrous consequences. I have chaired a lot of committees...

_








Member of BC Press Council


22685