Comcast Acquiring Time Warner Cable In All Stock Deal Worth $45.2 Billion
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Re: Comcast Acquiring Time Warner Cable In All Stock Deal Worth $45.2 Billion
#2Aren't there antitrust laws to protect against this exact sort of thing?
Re: Comcast Acquiring Time Warner Cable In All Stock Deal Worth $45.2 Billion
#3As a TWC customer I've been long certain based on conversations with others that I have the second worst cable company in the country. So my reaction to this announcement is approximately "FUUUUUUUUUUUUUUUUUUUUUUUUUUCK."
Re: Comcast Acquiring Time Warner Cable In All Stock Deal Worth $45.2 Billion
#4They need a login to read the post? That's ridiculous.
Re: Comcast Acquiring Time Warner Cable In All Stock Deal Worth $45.2 Billion
#5I was proud of the DOJ Antitrust division when they objected to the ATT/T-Mobile merger. I can only hope they do the same here.
Re: Comcast Acquiring Time Warner Cable In All Stock Deal Worth $45.2 Billion
#6Interesting timing, considering Charter's been preparing a hostile takeover attempt and was trying to push for a shakeup on TWC's board:
http://www.fiercecable.com/story/charter-recruits-time-warne...
Re: Comcast Acquiring Time Warner Cable In All Stock Deal Worth $45.2 Billion
#7Who benefits from large corporate mergers like this? What does an all stock deal mean at that kind of magnitude?
It certainly feels like little else than a handshake deal to create a monopoly.
Re: Comcast Acquiring Time Warner Cable In All Stock Deal Worth $45.2 Billion
#8Aren't there antitrust laws to protect against this exact sort of thing?
Indeed. This is not a good thing for consumers. Comcast is way too big as it is and does not need to dominate the market any more than it already does.
My former company was the market leader and acquired the #2 player and gov't eventually stepped and force sold off a significant part of the acquired company including allowing the new buyer to give hire offers to anyone in that company which probably 75% of them took (or left). My guess is Comcast has better lobbyists and nothing will happen and execs will be congratulated by the regulators.
Re: Comcast Acquiring Time Warner Cable In All Stock Deal Worth $45.2 Billion
#9Oh, boy. Charter wanted them, badly.
Re: Comcast Acquiring Time Warner Cable In All Stock Deal Worth $45.2 Billion
#10I was proud of the DOJ Antitrust division when they objected to the ATT/T-Mobile merger. I can only hope they do the same here.
It's a bit different in this situation. Comcast and Time Warner do not currently compete with each other.