In a tweet heard ‘round the cable universe, CNBC’s David Faber on Wednesday night said that multiple sources have told him that Comcast is preparing to make a formal overture to take full control of Time Warner Cable. Hours later, both sides confirmed the news.
In a joint statement issued Thursday morning, the nation’s two top cable operators announced that their respective boards had approved a plan for Comcast to acquire 284.9 million outstanding shares of Time Warner Cable for $158.82
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