According to a recent report, Comcast is in the process of buying Time Warner Cable, the deal will apparently be made official today.
Comcast which are the largest cable provider in the US will apparently buy Time Warner Cable, the second largest cable provider for $45 billion US dollars.
Comcast has around 22 million subscribers in the US, and Time Warner Cable has 12 million subscribers, apparently not all subscribers will be joining Comcast, as the company will apparently divest 3 million subscribers under the terms of the deal.
There will apparently be an official announcement on the deal some time today, as soon as we get some more information we will let you guys know.
Source TechCrunchFiled Under: Technology News