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.
Two major US fast food conglomerates are looking for ways to maximize profits. Selling off several chains that do not fit into their long-range plans are being considered.
Yum Brands is looking for a buyer for their A&W and Long John Silver’s restaurant chains. Yum Brands is concentrating on overseas development and neither Long John Silver’s or A&W have an international presence. That would leave Yum Brands with KFC, Taco Bell and Pizza Hut, which all have international locations. A&W and Long John Silver’s have a combined total of 1, 630 locations nationwide.
Wendy’s is looking to sell Arby’s so they can concentrate on Wendy’s development. Wendy’s/Arby’s combined have over 10,000 restaurants. Wendy’s is the larger chain with over 6,500 restaurants. Arby’s is struggling because they tend to be more expensive than other fast food chains and offer less of a dollar menu.
Wendy’s/Arby’s is also the target for a potential takeover bid after receiving an inquiry to buy the chain in June of last year.