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Comcast, Time Warner Cable confirm $45.2 billion merger deal

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Comcast, Time Warner Cable confirm $45.2 billion merger deal

Comcast said Thursday it had reached an agreement to acquire Time Warner Cable in an all-stock transaction worth $158.82 a share.

Comcast Chairman and CEO Brian Roberts told CNBC that he’s confident that the deal will be approved—saying the companies wouldn’t have agreed to the deal otherwise.

The new company would be by far the largest cable provider in the nation with more than 33 million subscribers.

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