Comcast To Buy Time Warner in Blockbuster Deal

Comcast is shelling out $45.2 billion to acquire Time Warner Cable in a stock-for-stock transaction. The goal of the merger is to create a leading technology and innovation company that competes on its ability to deliver cutting-edge products while tapping a national platform to drive operational efficiencies and economies of scale.

Through the merger, Comcast will acquire about 11 million Time Warner Cable's subscribers. After divesting systems that serve about 3 million subscribers to reduce competitive concerns, Comcast will net about 8 million new subscribers. That brings the companyEUs total to about 30 million.

EURob Marcus and his team have created a pure-play cable company that, combined with Comcast, has the foundation for future growth,EU said Brian L. Roberts, chairman and CEO of Comcast Corp. EUWe are looking forward to working with his team as we bring our companies together to deliver the most innovative products and services and a superior customer experience within the highly competitive and dynamic marketplace in which we operate."

How Does This Benefit You?

Comcast said the combined company will generate multiple pro-consumer and pro-competitive benefits, including faster deployment of existing and new products and services. Comcast's subscribers today have access to the cloud-based X1 Entertainment Operating System, plus 50,000 video on demand choices on television, more than 300,000 streaming choices on XfinityTV.com, Xfinity TV mobile apps that offer 35 live streaming channels plus the ability to download to watch offline later, and the just-launched X1 cloud DVR.

Time Warner Cable owns cable systems located in key geographic areas, such as New York City, Southern California, Texas, the Carolinas, Ohio, and Wisconsin. Time Warner will combine its products and services with Comcast's, including StartOver, which allows customers to restart a live program in progress to the beginning, and LookBack, which allows customers to watch programs up to three days...

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