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CABLE DRAMA

Comcast Snatches Up Time Warner

Two biggest U.S. cable companies are one.

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

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