Comcast confirmed that it had plans to divest 3.9 million subscribers if the merger deal with Time Warner Cable would push through as it still awaiting regulatory approval.
Time Warner Cable
Comcast Corp and Time Warner Cable's merger was backed by Washington Post in an editorial posted Tuesday, reported Reuters.
Redwood City, US-based remote home monitoring company iControl Networks acquired Ottawa, Canada-based home automation device maker Blacksumac for an undisclosed amount to expand its product portfolio.
While pushing for an acquisition deal, Charter Communications slammed the executives of New York, US-based cable operator Time Warner Cable for a "failed" operating plan resulting in low customer satisfaction ranking.
Charter Communications Inc has made a formal offer for the third time to acquire Time Warner Cable but the bid was rejected. The company now intends to take the offer straight to the shareholders of Time Warner Cable, Reuters reported.
Billionaire John Malone is building a cable empire once more as the firms he is backing have announced or are cooking up acquisitions amounting to more than $80 billion, Bloomberg reported.
With the reported bid for Time Warner Cable said to be readied by Charter Communications dominating the news, the New York Post reported that Cablevision may soon be approached by private equity players.
US-based company Charter Communications is reportedly preparing to make an official offer to acquire Time Warner Cable for less than $140 per share, according to a news report.
PaeDae founder and chief executive officer Rob Emrich explained to TechCrunch that it launched a debt-and-equity round instead to be able to obtain a sizeable amount of capital while being able to retain its position as an early acquisition target.
Privately held Cox Communications is considering bidding for Time Warner Cable either on its own or as part of a joint bid, The Wall Street Journal reported on Tuesday, citing anonymous sources.
Comcast Corp, is currently considering a bid for Time Warner Cable, a deal that would unify the two largest cable providers in the United States - sources.
DukeNet serves as the gateway to the Southeast United States, thus an acquisition of this magnitude was an easy choice to make.
Dish Network Corp and Walt Disney Co. had reached an extension agreement while both parties were still in discussions over a long term deal.
John Landgraf, Chief executive of FX Networks, criticized CBS and Amazon openly about their current agreement for the latter to stream episodes of new shows like "Under the Dome" days after it aired on primetime TV.
Although both companies declined to comment, analysts said Time Warner might have caved in to CBS's demands for higher transmission fee and additional fees for digital content.
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