Comcast, TimeWarner Cable agree to merge

In what can be described as a historic deal, Philadelphia-based Comcast Corp. – the country’s largest cable operator – is purchasing New York City-based Time Warner Cable – the second-largest cable operator for $45 billion, or $159 a share in an all-stock deal. The combined entity will boasts 30 million subscribers when Comcast plans to divest three million households due […]