https://gizmodo.com/comcast-is-buying-time-warner-cable-to-make-big-cable-e-1521883329
The prescribed press releaseclaims that this is a merger , but in reality Comcast is ponying up a cool $ 45.2 billion to absorb 100 pct of TWC . In go , Time Warner Cable shareholders will notice that they own about 23 percent of Comcast ’s vulgar fund . In other words , it ’s corrupt it out .
you’re able to expect some immense monopoly business organization to arrive with this word . Comcast is trying to quell other criticism , though , suggestingthat it ’s prepared to undress system that supply more or less 3 million of the 11 million client it takes on from TWC , and insure that it never serve more than 30 percentage of the US market place . How well it will keep that promise remains to be seen .
In terms of customer service , Comcast claimsthat the operational toll savings of $ 1.5 billion which the merger will get will allow it to provide “ a superscript TV experience , high broadband speeds , and the fastest in - habitation Wi - Fi ” for consumers . Which is something , I guess .
It ’s deserving noting that , while Comcast and TWC are happy with the terms of the deal , shareholders and US regulators still have to approve it — so it ’s not quite cut and dry just yet . If it does all fall into place for Comcast , though , your choice just produce a whole lot slimmer . [ Comcast ]
Image : AP Photo / Gene J. Puskar
Comcastmerger
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