By Steve Donohue, FierceCable, February 12, 2014
| Comcast plans to announce that it has struck a deal with Time | Warner Cable to acquire the nation's second largest cable MSO for | $44 billion in stock, CNBC and other media outlets reported. | | The companies plan to officially announce the news Thursday | morning, according to reports. | | News of the agreement, which would see Comcast acquire TWC for | about $159 per share, came one day after Charter Communications | announced that it would nominate 13 directors for TWC's board of | directors in an attempt to execute a hostile takeover of TWC. | Charter offered to acquire TWC for $132.50 per share last month. | | A combined Comcast-TWC would create a cable MSO with 33 million | subscribers, counting 13 million more video subscribers than | DirecTV, which ended third quarter with around 20 million U.S. | subscribers.
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Neal McLain