Comcast Snatches Up Time Warner

    A cable truck returns to a Time Warner Cable office in San Diego, California December 11, 2013. Time Warner Cable's incoming chief executive Rob Marcus said on Monday he is in no hurry to sell the company, while Charter's CEO Tom Rutledge, a potential suitor, said the smaller company sees benefits in growing through acquisitions. Time Warner Cable is the subject of takeover speculation and is being circled by suitors such as Charter Communications Inc, Comcast Corp and privately held Cox.    REUTERS/Mike Blake  (UNITED STATES - Tags: BUSINESS LOGO) - RTX16EMR

    Mike Blake/Reuters

    Yes, so this is going to be greeeeat for consumers. Comcast Corp. has agreed to buy Time Warner Cable for roughly $45 billion. The deal, which is reportedly stock-for-stock, would combine the two largest cable providers in a market that is already perceived to be uncompetitive. Analysts expect Comcast’s move will give it more leverage when bargaining with content providers.

    Read it at The Wall Street Journal