English: Comcast Tower, tallest building in Philadelphia (Photo credit: Wikipedia)
NEW YORK (TheStreet) — America’s largest pay-TV operator wants to be your one and only and it’s willing to absorb the second-largest to do so.
Citing sources, Reuters reports Comcast Corp is weighing up a potential full takeover bid for Time Warner Cable , an acquisition which would create an industry behemoth.
A full takeover is but one of three potential scenarios in consideration. The Philadelphia-based broadcasting giant is also determining whether to partner with an additional cable company to take over Time Warner or, in a less aggressive move, whether to simply pick and choose certain Time Warner Cable markets.
Time Warner Cable has been the subject of many takeover rumors of late and the latest puts a rumored offer from Charter Communications in jeopardy. Last week, Bloomberg reported the fourth-largest cable provider was preparing its own bid for Time Warner Cable and was seeking as much as $25 billion in loans to do so. Time Warner Cable is significantly larger than the Stamford, Conn.-based business, with a market share of $37.9 billion dwarfing Charter’s $13 billion.
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