ComCast to acquire Time Warner Cable for $159 a share

[Batman1980]

Source is Bloomberg, more to come.

[Tony208]

godamnit it should not be allowed to happen

[LynxFX]

Just once I would like to hear "Comcast and Time Warner Cable going to be split up into smaller non-monopolistic companies."

[sycro]

Well, in good news, I should hopefully be on Google Fiber by the time this would become a reality.

[chris_sc77]

Does this mean more exorbitant price increases. ?

[Moviefan1203]

How is this allowed to happen?

[sycro]

Originally Posted by Moviefan1203

How is this allowed to happen?

It hasn't yet. It will still need federal approval.

[akayw0718]

Originally Posted by sycro

It hasn't yet. It will still need federal approval.

It's in the same boat AT&T was in when they tried to buy T-Mobile.

I don't see it going through, too much monopoly.

[Moviefan1203]

Originally Posted by akayw0718

It's in the same boat AT&T was in when they tried to buy T-Mobile.

I don't see it going through, too much monopoly.

It better not. I despise Comcast.

[fatediesel]

Originally Posted by akayw0718

It's in the same boat AT&T was in when they tried to buy T-Mobile.

I don't see it going through, too much monopoly.

The difference between this and the AT&T-T-Mobile purchase is that Comcast and Time Warner don't compete in any markets, so they aren't direct competitors. This will still be heavily-scrutinized and if regulators approve it they will have a lot of demands similar to when Comcast bought NBC, and the company will likely need to sell off some of the combined company's territories to ensure they don't have more than 30% of the nation's cable market, which is the limit. One thing that could help the cable companies is the FCC's new chairman Tom Wheeler is a former cable lobbyist who previously supported the AT&T-T-Mobile deal.

[DreamVillain]

Originally Posted by chris_sc77

Does this mean more exorbitant price increases. ?

Comcast is actually not that expensive, at least where I am at now in Miami.

I am actually looking at TWC now that I am moving to North Carolina next week and it's actually quite expensive. So Comcast would seem like the better option.

I just wish I had ATT Uverse in my area, that was a good service when i had it for a little while, it just got to expensive.

[punkguy03]

Originally Posted by DreamVillain

Comcast is actually not that expensive, at least where I am at now in Miami.

I am actually looking at TWC now that I am moving to North Carolina next week and it's actually quite expensive. So Comcast would seem like the better option.

I just wish I had ATT Uverse in my area, that was a good service when i had it for a little while, it just got to expensive.

Comcast has Internet caps tho. I prefer unlimited Internet and if it's capped I'll find someone else.

[yoshi_5]

Originally Posted by punkguy03

Comcast has Internet caps tho. I prefer unlimited Internet and if it's capped I'll find someone else.

+1

ISP's need to figure out this capping stuff... with all of the streaming HD video now... Netflix... devices connected to WI-FI...

The average everyday internet user may not care about the caps, but there is a handful of people who do...

Grrr...

[steve1971]

If Senator Al Franken has his way this this merger wont happen. He is fighting it tooth and nail. It makes me miss Directv more and more everyday.

[R3P0]

Originally Posted by punkguy03

Comcast has Internet caps tho. I prefer unlimited Internet and if it's capped I'll find someone else.

Thats not true Comcast dropped the 250Gb Cap

[chris_sc77]

Originally Posted by steve1971

If Senator Al Franken has his way this this merger wont happen. He is fighting it tooth and nail. It makes me miss Directv more and more everyday.

I hope Franken has his way then.
Just seems so unnecessary

[Clark Kent]

The merger will almost certainly happen. Comcast is one of the current administration's biggest supporters and fundraiser.

[DaBargainHunta]

Originally Posted by R3P0

Thats not true Comcast dropped the 250Gb Cap

Not exactly. It's just temporarily suspended. Don't fool yourself into thinking it's gone for good. After all, the Comcast site still tracks how much you use per month.

[Kevinicus]

I don't see it really making much of a difference. It's not like it's eliminating consumer choice somehow. It may give Comcast some clout when negotiating with networks and developing partnerships though. Maybe some potential competition for rights to Sunday Ticket at some point.

[dyne]

Originally Posted by DaBargainHunta

Not exactly. It's just temporarily suspended. Don't fool yourself into thinking it's gone for good. After all, the Comcast site still tracks how much you use per month.

Until 2018 if I read correctly.

And to answer yoshi_5, they have caps so it hinders your ability to go all streaming and cancel traditional tv. In their minds they're losing money from people steaming online. What they fail to see is that for all the people getting rid of cable tv, many more are signing up for cable internet. The same company that provides the cable tv also provides the internet. Their revenue is simply switching platforms. But they see it as revenue loss.