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US Cable Operators Comcast, Time Warner Cable In $45 Bn Merger

Monopoly? Don't be silly, we don't have those anymore!
US Cable Operators Comcast, Time Warner Cable In $45 Bn Merger

Via AFP:

Comcast unveiled plans Thursday to swallow rival Time Warner Cable in a mega-deal that triggered debate on the creation of a cable-Internet behemoth.

News of the $45.2 billion deal uniting the largest two US cable firms raised regulatory concerns about the reach of Comcast, which owns NBCUniversal's film and television assets and is one of the largest providers of cable Internet.

Comcast chairman and chief executive Brian Roberts said the plan would allow Comcast to deploy new technologies for delivering streaming content and use the Internet cloud, with greater efficiency.

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