Comcast considering bid for Time Warner Cable: CNBC

Fri Nov 22, 2013 10:46am EST

The Time Warner Cable office is shown in Carlsbad, California November 5, 2012. REUTERS/Mike Blake

The Time Warner Cable office is shown in Carlsbad, California November 5, 2012.

Credit: Reuters/Mike Blake

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(Reuters) - Comcast Corp is a potential bidder for Time Warner Cable Inc, CNBC said on Friday, citing people familiar with the situation.

Comcast shareholders are encouraging management to consider a Time Warner Cable deal, these sources told CNBC.

Shares of Time Warner Cable jumped 7.3 percent to $129.71 in morning trading, while Comcast was up 3 percent at $48.85.

Time Warner Cable prefers Comcast to buy it, the report said. It also noted that Comcast was seeking advice on concerns by U.S. antitrust regulators and the Federal Communications Commission about a potential tie-up.

Charter Communications is also considered a potential buyer of Time Warner Cable, Reuters reported earlier this month.

(Reporting by Jennifer Saba in New York; Editing by Lisa Von Ahn)

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Comments (4)
Comcast is the worst company I’ve ever dealt with. I signed up for their so-called state of the art X1, my first DVR lasted a week, the replacement died literally 5 minutes after the tech left.

I’ve spent entire days on the phone with these Comcast morons and I’m still miserable.

These companies all need strict oversight and regulation and they need to be forced to allow competitors to use their infrastructure.

People hate and complain about cable companies more than almost any other kind of company, these shysters need to be classified as public utilities and regulated accordingly.

COMCAST STINKS!

Nov 22, 2013 3:06pm EST  --  Report as abuse
Hope NOT! Comcast is the worst-run, least customer-friendly company in America…voted so nearly every month by its customers.

Nov 22, 2013 6:54pm EST  --  Report as abuse
desertares wrote:
Please Comcast buy this lousy, overpriced
company.

Nov 22, 2013 7:14pm EST  --  Report as abuse
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