Comcast and Time Warner in $45bn deal

Cable operator giant Comcast is set to acquire Time Warner in a $45bn deal.

According to reports, Comcast has sealed the all-share deal valuing Time Warner at close to $159 a share, much higher than an earlier bid made by rival cable company Charter Communications, which came in at just $132.50 a share.

Comcast is the biggest cable television provider in the US and owns the NBC broadcast network along with the Universal film studio.

Time Warner is the owner of movie channel HBO along with print publications such as Time Magazine.http://www.mandmglobal.com/news/13-02-14/comcast-and-time-warner-in-45bn-deal.aspx?_cldee=amFuZUBjYXNiYWEuY29t