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Market Overview

Time Warner Cable to Merge with Comcast


Comcast Corporation (Nasdaq: CMCSA)(Nasdaq: CMCSK) and Time Warner Cable
(NYSE: TWC) today announced that their Boards of Directors have approved
a definitive agreement for Time Warner Cable to merge with Comcast. The
agreement is a friendly, stock-for-stock transaction in which Comcast
will acquire 100 percent of Time Warner Cable's 284.9 million shares
outstanding for shares of CMCSA amounting to approximately $45.2 billion
in equity value. Each Time Warner Cable share will be exchanged for
2.875 shares of CMCSA, equal to Time Warner Cable shareholders owning
approximately 23 percent of Comcast's common stock, with a value to Time
Warner Cable shareholders of approximately $158.82 per share based on
the last closing price of Comcast shares. The transaction will generate
approximately $1.5

See full press release


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