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Comcast to Purchase Time Warner Cable

posted by robind on Thursday February 13 2014, @05:13PM   Printer-friendly
from the ill-communication dept.

LaminatorX writes: "Reuters reports that Time Warner Cable has accepted a $45.2bn buyout offer from Comcast. This comes after fending off a previous offer from rival Charter Communications. Should the deal pass regulatory scrutiny, the combined giant would be a player in 19 of the top 20 U.S. media markets."

 
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  • (Score: 0) by Anonymous Coward on Friday February 14 2014, @05:21PM

    by Anonymous Coward on Friday February 14 2014, @05:21PM (#76)

    There's a nice article on Arstechnica [arstechnica.com] about the ISPs fighting to prevent municipalities from being able to do their own broadband. This looks like one more step toward the total monopoly the cable companies would like.

    I like to think I'm a hard core capitalist but I'm hoping the SEC or somebody will stop this.