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Comcast considering bid for Time Warner Cable: CNBC
November 22, 2013 / 3:25 PM / 4 years ago

Comcast considering bid for Time Warner Cable: CNBC

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

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

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

Our Standards:The Thomson Reuters Trust Principles.
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