Comcast Corp. on Tuesday presented its case to government regulators arguing that its $45 billion takeover of Time Warner Cable Inc. will benefit consumers without limiting competition.
Comcast Corp. will invest hundreds of millions of dollars in California and Florida theme parks, stepping outside its core business of telecommunications in an effort to boost revenue and profits.
Consumer advocates are worried the pending deal between the nation's top two cable TV companies could lead to higher cable rates and poor service for consumers in New Jersey.
After years of bickering, Netflix and Comcast are finally working together to provide their subscribers with a more enjoyable experience when they're watching movies and old television shows over high-speed Internet connections.
Cable subscribers don't give Comcast and Time Warner Cable good grades when it comes to customer satisfaction. So after Comcast announced its $45 billion purchase of Time Warner Cable Thursday, it didn't take long for consumers to start venting their frustrations over high prices, spotty service and fears of a monopoly.
Comcast Corp. has agreed to buy Time Warner Cable Inc. for $45.2 billion in stock, or $158.82 per share, two people familiar with the matter said late Wednesday.
Comcast is buying the rest of NBCUniversal from General Electric several years ahead of schedule to take advantage of low interest rates and what its CEO calls a "very attractive price" of $16.7 billion.