Comcast Shareholders Approve Time Warner Cable Merger

By Chris Ariens Comment

ComcastTWCMore than 99% of Comcast shareholders voted this morning in support of the company’s planned acquisition of Time Warner Cable. TWC shareholders, who are expected to vote on the merger tomorrow, would get 2.875 shares of Comcast Class A stock for every one of their TWC shares. The $45 Billion merger, announced in February, still needs to clear the Federal Communications Commission.

Last Friday, the FCC pushed its deadline to hear public comment on the merger to Oct. 29. It had been set for today. The FCC’s review is expected to be complete in early 2015. The Department of Justice is also reviewing the merger for possible antitrust matters.