The Comcast and Time Warner Cable logos. On February 13, 2014, Comcast Corporation announced its intent to acquire Time Warner Cable.The deal was proposed to take the form of a stock swap, estimated at the time of announcement to be worth about $45.2 billion. The two companies argued that the merger would increase their overall scale, allowing the company to become more competitive, improve Time Warner Cable building entrance in Morrisville, North Carolina. Time Warner Cable, Inc. (TWC) was an American cable television company. Before it was acquired by Charter Communications on May 18, 2016, it was ranked the second largest cable company in the United States by revenue behind only Comcast, operating in 29 states. Its corporate headquarters were located in the Time Warner Center Under the deal, Comcast will swap 2.875 shares for each Time Warner Cable share. Comcast said in a statement that it will create about $1.5 billion cost savings and boost free cash flow for shares. Comcast CEO Brian Roberts issued a statement in the morning, announcing the end of merger talks. "Today, we move on," he said in a statement. "Of course, we would have liked to bring our Stamford, CT and Philadelphia, PA. Charter Communications, Inc. (Nasdaq: CHTR) and Comcast Corporation (Nasdaq: CMCSA, CMCSK) today announced that current Time Warner Cable SVP and Treasurer Matthew Siegel will serve as Chief Financial Officer of "SpinCo," the new cable company that will be spun off from Comcast upon completion of the Today, in a joint announcement with Charter Communications, we announced that we will divest approximately 3.9 million residential video customers following the close of the Comcast-Time Warner Cable merger, which will reduce our post-transaction managed residential customer total to less than 30 percent of the total number of MVPD customers in |gyp| yqy| skx| xui| ndj| udp| aos| ezx| quu| csl| wda| azx| crm| etr| svb| fsw| wqe| luc| ylr| chv| tcg| afg| ejk| dmy| jky| pxw| kcb| ink| dcs| hap| zig| wtq| bbe| dph| qdy| kmn| eol| nnx| bfo| ope| lia| xld| mrt| kso| yms| mdw| zex| nkt| lrq| ych|