Comcast reportedly agrees to buy Time Warner Cable in deal worth more than $44 billion

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Posted: Wednesday, February 12, 2014 12:00 am

Comcast will announce a deal to acquire Time Warner Cable in an all-stock deal worth more than $44 billion that will unite the biggest and second largest cable television operators in the country, according to people briefed on the matter.

The surprise merger — expected to be announced Thursday — is likely to bring to an end a protracted takeover battle that a smaller cable rival, Charter Communications, has been waging for Time Warner Cable, and will be the second major deal for Comcast in recent years to radically reshape the U.S. media landscape.

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