The Comcast-Time Warner merger is underway, and it's one of the biggest media deals in recent memory: $45.2 billion for the distressed cable conglomerate at a dramatic moment when it looked like John Malone's Liberty Media and rival cable outfit Charter were going to lay siege to the place until TWC capitulated. Now, though, Comcast has officially had its bid for Time Warner accepted and is on its way to becoming the proud owner of an unprecedented share of the market.
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