The Time Warner Cable sweepstakes might be over. Just a few months after it was first reported that the second-largest cable firm in the nation was looking to be acquired, Comcast, the number one cable provider, has made an offer of $45.2 billion for the company. According to multiple reports, the deal is set to be officially announced Thursday, with Comcast offering $158.82 per share in an all-stock deal.
Comcast will announce a deal to acquire Time Warner Cable in an all-stock deal worth more than $45 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 on 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 American media landscape.