Two of the largest cable TV and Internet service providers are set to merge. Comcast has agreed to buy Time Warner Cable in a deal worth $45.2 billion, according to reports everywhere. Charter Communications had been pursuing a purchase of Time Warner Cable but evidently lost out to Comcast's higher bid.
If the merger meets regulatory approval, which is no sure thing, the combined company would own "almost three-quarters of the cable industry," according to Bloomberg. Comcast also acquired NBCUniversal last year, after owning a controlling stake for a couple of years before that.
Together, Comcast and TWC would have tremendous power to set the market for cable television and Internet services, potentially upping their game in consumer-friendly practices like the bundling of cable channels, imposing low-ball bandwidth caps, and throttling data transfer rates from competitors like Netflix. So we're all very excited around here.
|The TR Podcast 166 is now available on YouTube||19|
|Chromebooks now come with 1TB of cloud storage for two years||13|
|Deal of the week: Devil's Canyon starting at $179.99, Intel 730 Series for $0.42/GB, and more||31|
|AMD prolongs A-series software deal; price cuts still a work in progress||20|
|Report: Valve lays out new rules for Early Access games||50|
|Intel's 2015 revenue outlook beats Street expectations||51|
|Intel's 3D NAND has 32 layers and 256Gb per die||60|
|Telltale's Game of Thrones game looks pretty good||12|
|Sounds like a good way to conceal the terrible financial performance of the mobile business unit.||+35|