The Online Investor
Daily M&A
Contrarian Outlook
Stock Option Ideas
Preferred Stock Newsletter
ChartZero.com
Television & Radio M&A image Television & Radio M&A » By The Online Investor Staff, updated Wed., Apr. 24, 10:23 PM Recent mergers and acquisitions in the Television & Radio M&A category.

Slide #6. Time Warner Cable Comcast Corporation

Acquirer: Time Warner Cable (TWC)
Acquiree: Comcast Corporation (CMCSA)
Details: 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 billion in operating efficiencies and will be accretive to Comcast's free cash flow per share while preserving balance sheet strength. The merger will also be tax free to Time Warner Cable shareholders.

Time Warner Cable is a provider of video, data and voice services, with cable systems located mainly in five geographic areas: New York State, the Carolinas, the Midwest, Southern California and Texas. Co. provides data and voice services to residential and business services customers. Co.'s residential services also include security and home management services, and its business services also include networking and transport services and enterprise-class, cloud-enabled hosting, managed applications and services. Co. also sells video and online advertising inventory. As of Dec 31 2014, Co. served 14.5 million residential customers and 687,000 business customers.

Open the TWC Page at The Online Investor »

Time Warner Cable is a provider of video, data and voice services, with cable systems located mainly in five geographic areas: New York State, the Carolinas, the Midwest, Southern California and Texas. Co. provides data and voice services to residential and business services customers. Co.'s residential services also include security and home management services, and its business services also include networking and transport services and enterprise-class, cloud-enabled hosting, managed applications and services. Co. also sells video and online advertising inventory. As of Dec 31 2014, Co. served 14.5 million residential customers and 687,000 business customers.

Open the CMCSA Page at The Online Investor »

Company Name:  Time Warner Cable Inc
Stock buyback:  TWC buyback
Website:  www.timewarnercable.com
Sector:  Television & Radio
Company Name:  Comcast Corp
Stock buyback:  CMCSA buyback
Website:  www.comcastcorporation.com
Sector:  Television & Radio
Number of ETFs Holding CMCSA:  121
Total Market Value Held by ETFs:  $22.91B
Total Market Capitalization:  $160.75B
% of Market Cap. Held by ETFs:  14.25%
 

April 24, 2024    10:23 PM Eastern
Quotes delayed 20 minutes

Email EnvelopeFree Email Alerts:
Get SEC Filing Alerts
Get Dividend Alerts

Television & Radio M&A - Slide 6 of 63 | www.TheOnlineInvestor.com | Copyright © 1998 - 2024, All Rights Reserved

Nothing in The Online Investor is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and stock market videos powered by Market News Video. Quote data delayed at least 20 minutes, powered by Ticker Technologies, and Mergent. Contact The Online Investor; Meet Our Editorial Staff.