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Comcast and Time Warner Cable Reach an Agreement on $45. 2 billion Merger

 (Image source: thewrap.com)

Shares of Time Warner Cable Inc (NYSE:TWC) are soaring this morning on news that Comcast Corporation (NASDAQ:CMCSA) will acquire TWC for $45.2 billion in stock. The deal values Time Warner Cable shares at $158.82 per share. The proposed merger is subject to approval from the FCC. However, both companies are confident that regulators will approve the deal. It is expected that the merger will generate about $1.5 billion in synergies, such operating efficiencies and tax savings. If the deal is cleared by regulators, it would create one of the largest cable providers in the U.S.