The proposed merger of Comcast (CMCSA) and Time Warner Cable (TWC), the nation’s Nos. 1 and 2 cable TV firms, sent shares of would-be suitor Charter Communications (CHTR) down Thursday, as analysts speculated that satellite broadcasters DirecTV (DTV) and Dish Network (DISH) might pursue their own merger — if regulators indeed permit cable consolidation. Comcast, which last year gained full ownership of media giant NBC Universal, offered $45
Comcast (CMCSA) will announce a deal Thursday to buy rival Time Warner Cable (TWC) for about $159 a share, according to several sources Wednesday evening, creating a cable and Internet giant and trumping Charter Communications’ (CHTR) hostile takeover bid. Comcast, the No. 1 U.S. cable operator, would pay 2.875 shares per share of Time Warner Cable, its closest rival, CNBC’s David Faber said in a tweet. At the current price, that would be worth
With the 2014 Winter Olympics, tablets and smartphones could go from “second screens” for following the games to primary screens for watching them. Adobe Systems (ADBE) has teamed with Comcast (CMCSA)-owned NBC Sports Group to bring the TV Everywhere experience to viewers of the Winter Games in Sochi, Russia, which run through Feb. 23. TV Everywhere is an industry effort to make viewing options relatively seamless across PCs, tablets and other