Comcast to buy Time Warner Cable

omcast Corp. said on Thursday it would buy Time Warner Cable Inc. for $45.2 billion in an all-stock deal that combines the two largest U.S. cable operators.

The announcement comes after months of public pursuit by smaller rival Charter Communications Inc., according to Fox News.

With roughly 30 million subscribers after the deal finishes, the new cable giant would tower over its closest video competitor, DirecTV, which has about 20 million video customers, the article said.

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