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[TurtleSnatcher]

http://blogs.barrons.com/techtrader...ble-in-44-2-billion-all-stock-deal-says-cnbc/

CNBC‘s David Faber this evening tweeted that multiple unnamed sources have indicated to him that Comcast (CMCSA) will announce tomorrow a deal to purchase Time Warner Cable (TWC) for $159 per share, in an all-stock deal.

With 277.9 million Time Warner Cable shares outstanding, the deal would have a market value of $$44.2 billion. With Time Warner Cable stock closing up in today’s session at $135.31, up 41 cents, the deal would offer TWC holders a nearly 18% premium.

Comcast is apparently willing to divest three million subscribers to satisfy any regularity issues about the deal, Faber subsequently tweeted, and he wrote in a subsequent bit, “Comcast deal for $TWC does not face ownership cap restrictions, but sure to get tough review from FCC.$CMCSA wants to avoid consent decree.”

The deal would end months of speculation that had involved scenarios about Charter Communications (CHTR) buying all or part of Time Warner Cable, or possibly partnering with Comcast.

Ugh... :\

 

[ReturnOfTheRAT]

Bullshit.

 

[Grimm Fandango]

This will be good for competition...

 

[Ermac]

Switch_not_like_this.gif

 

[smokeandmirrors]

God

Fucking

Damnit

Fuck you comcast

 

[BeardyChan]

And of course this will fly right under the radar of the FTC right? Jesus...

GOOGLE its up to you now

 

[ronito]

is....is such a thing possible? I mean if Dish network can't buy Direct TV this seems in that league

 

[cdyhybrid]

Internet providers need a shake-up like T-Mobile gave the telecoms =\

 

[demosthenes]

Not that there was really competition before, but now even less!

Does comecast have data caps?

 

[Stinkles]

I wish we had laws against this kind of thing...

 

[Colonel Nasty]

YOU get a data cap, YOU get a data cap, YOU get a data cap!

 

[CrankyJay]

Fuck this bullshit.

 

[mjc]

Oh good, less competition.

 

[ReturnOfTheRAT]

And fuck the FCC. Divest 3 mil subs and the deal is A-OK.

 

[bronson]

As terrible as Comcast is, I can't say they're worse than Time Warner Cable.

 

[Dug]

YOU get a data cap, YOU get a data cap, YOU get a data cap!

I really really really hope not.

 

[demosthenes]

As terrible as Comcast is, I can't say they're worse than Time Warner Cable.

Does Comcast have data caps?

 

[Extra Sauce]

This should not be legal.

 

[RBH]

Hooray!

 

[devilhawk]

Comcast has nearly 22 million subscribers. Time Warner has over 12 million. Third place (Verizon) has only over 4 million.

This sounds great for the public!

 

[LaNaranja]

But I don't want Comcast!

 

[RustyNails]

FCC will not let it pass...right? Anti-competitive?

 

[styl3s]

And there goes one of 2 other companies i can pick from once i get the balls to cancel comcast.

 

[Phire Phox]

Dat monopoly.

 

[CrankyJay]

As terrible as Comcast is, I can't say they're worse than Time Warner Cable.

Time warner was getting better. Opened up hbo go on roku, twc app, hd guide, better internet speeds. Comcast is a whole new level of fucking shittiness.

 

[ConfusingJazz]

What in the bloody hell?

 

[Goro Majima]

How is this getting through the FTC?

Even though I'm sure they'll just divest all of their unprofitable markets to even worse companies in terms of service and product offering.

Edit: I wish I had Comcast sadly...Consolidated Communications is really the worst.

 

[FinalStageBoss]

Hope its not true. The only good thing about my Internet is no cap

 

[scitek]

Does Comcast have data caps?

They tried implementing a 250GB/month cap, but dropped it after people complained. They still say they'll call and warn those using what they deem to be an "excessive" amount of bandwidth to stop or risk being throttled, though.

 

[shadyspace]

Moving my ass back to Optimum territory ASAP

 

[Aesius]

Enjoy the Internet while you can, folks.

 

[Jhriad]

Google Fiber where art thou?

 

[bronson]

Time warner was getting better. Opened up hbo go on roku, hd guide, better internet speeds. Comcast is a whole new level of fucking shittiness.

I just went from Comcast to Time Warner. Outages have been more frequent, the internet is slower on a comparable plan, and they just took away local channels. They're both a mess.

 

[Uncle Rupee]

It's just one big game of Monopoly isn't it

 

[Jarrod38]

 

[RomanticHeroX]

Conglomerates gonna conglomerate.

 

[Sho_Nuff82]

How is this even legal?

 

[styl3s]

They tried implementing a 250GB/month cap, but dropped it after people complained. They still say they'll call and warn those using what they deem to be an "excessive" amount of bandwidth to stop or risk being throttled, though.

It's location based. Here you get 300gb and you are charged $10 per 50gb you go over and you get 3 "warnings" the first 3 times you go over your 300gb you aren't charged.

Enjoy the Internet while you can, folks.

If you use comcast i highly suggest using a VPN program when streaming.

Since i started using one i stream Netflix flawlessly in HD, without it it takes me a good 3-4 minutes into the stream to get decent quality SD with some buffers from time to time but i rarely ever get HD streams without the vpn.

Comcast throttles Netflix, it might not be in all locations but i know for a FACT they do it here. and it's goddamn bullshit.

 

[Random Painted HIghway]

Does Comcast have data caps?

Rolling out city by city, Atlanta, Nashville....

 

[Konka]

I don't know what all these internet complaints are about. I've got comcast internet and it is pretty damn fast and I don't have a cap.

 

[botty]

Even in death, TWC finds a way to fuck its customers anally.

 

[Mortemis]

How the fuck can this be legal? Aren't those two the top two providers? What the fuck?

 

[entremet]

Fuck no!

Comcast and they're bullshit caps.

 

[mackattk]

They tried implementing a 250GB/month cap, but dropped it after people complained. They still say they'll call and warn those using what they deem to be an "excessive" amount of bandwidth to stop or risk being throttled, though.

It is reinstated in test markets. I know some cities in Tennessee have caps now.

 

[Paches]

The single ISP future.

 

[jb1234]

They tried implementing a 250GB/month cap, but dropped it after people complained. They still say they'll call and warn those using what they deem to be an "excessive" amount of bandwidth to stop or risk being throttled, though.

In certain markets, they have put the cap back on (but at 300 GB). It's only a matter if time before it's widespread.

Fuck you, Comcast.

 

[ReturnOfTheRAT]

Google Fiber where art thou?

Google doesn't care about the Bay Area.

I've got to move to Kansas City or Austin, Texas to get the good stuff.

 

[outunderthestars]

This industry needs more competition, not less.

In certain markets, they have put the cap back on (but at 300 GB). It's only a matter if time before it's widespread.

Fuck you, Comcast.

Yep. The caps are back in Atlanta.

 

[Hasphat'sAnts]

DOJ pls.

 

[Vyer]

Didn't TWC and Comcast have some sort of relationship in place already? It seems I remember a few years back they literally traded markets in several Texas cities, but I could be wrong.