Logo of Comcast Latina: Insigne Comcast (Photo credit: Wikipedia)
Comcast Corp. could acquire Time Warner Cable Co.’s New York cable-TV properties, along with other franchises on the East Coast, in a deal with Charter Communications Inc., according to sources in the industry.
A deal would expand Comcast’s market power along the I-95 corridor between Boston and Washington.
Comcast, the nation’s largest cable-TV company, already offers cable and Internet in Boston, Philadelphia and Washington.
Charter declined to comment Monday. Comcast also had no comment.
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 reportsComcast 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.