1,837 days left until finalization of merger deal, Comcast is buying Time Warner
Comcast is acquiring Time Warner in a deal valued at $45 billion, according to multiple reports.
Comcast plans to take control of the struggling media company in a $85 billion transaction.
A deal is expected to close by the end of the month.
The Comcast/Time Warner merger is one of the most significant deals in recent memory and could give Comcast control of all of the nation’s cable and broadcast television services, including its own cable networks.
The merger will include Comcast’s cable networks, NBCUniversal, CNN, Disney, and Turner, along with other digital platforms.
The deal is the latest in a series of consolidation and mergers by the companies in recent years.
The companies also recently bought NBCUniversal and ABC in separate deals.
Sources: The New York Times, Reuters, WSJ, AP, CNN, CBS, NBC, ABC, Warner Bros., Amazon, Time Warner, Comcast, TWC, ESPN source Time Title Comcast buys Time Warner for $45B article Comcast has been pursuing a deal to acquire Time Warner, a media conglomerate, since 2009, when the company announced a $4.6 billion offer for Time Warner Cable.
The company then announced a similar deal to purchase NBCUniversal in January, a deal that included CNN and Disney.
Comcast eventually settled the deal to sell NBCUniversal to Time Warner’s parent company Disney in 2019 for $52 billion.
Time has been struggling to regain subscribers and profitability amid the economic crisis.
Time Warner has struggled with declining revenues and advertising revenue, and its cable networks have suffered from a lack of viewers.
Time was spun off from Time Warner last year after more than two decades of operating as a separate company.