The Federal Communications Commission last month started its 180-day review clock on the all-stock acquisition deal for Philadelphia-based Comcast (NASDAQ: CMCSA) to buy New York City-based Time Warner Cable Inc. (NYSE: TWC), and Comcast still hopes to close on the deal by year's end.
But to appease federal regulators, a side deal for Comcast to shed 3.9 million customers and come in below a 30 percent market share among U.S. cable households after the acquisition will mean turning over nearly all its Michigan customers to a new, as-yet unnamed public company formed by St. Louis-based Charter Communications.
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