International. The largest subscription television operator in the United States is the one that will emerge from the merger between the operators Comcast and Time Warner Cable, announced on Thursday.
According to information released by both companies, Comcast will pay $45.2 billion for Time Warner Cable shares, following a proposal of 2,875 shares of the former for each of the latter.
In this way, Comcast won the bid to Charter Communications, a company that was also interested in staying with Time Warner Cable. The share of the latter had a valuation reaching U$158.82 per share, being the figure closest to the U$160 per share expected by the company's directors, while with the proposal of Charter Communications it would only have reached U$132.5.
With the merger, Time Warner Cable shareholders will keep the 23% new company that will emerge from this merger, which will be the largest subscription television, internet and telecommunications operator in North America. Both companies expect to generate $1.5 billion after the merger.
