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Comcast announces $42bn takeover of Time Warner Cable

Guardian – US cable TV giant Comcast has agreed to buy rival Time Warner Cable in a $45.2bn (£25.5bn) deal that unites the country’s two biggest cable TV operators and will control more than a third of the market.

Comcast, which owns the NBC broadcast network and the Universal film studio, offered $158.82-a-share to take over Time Warner Cable (TWC), which owns movie channel HBO and Time Magazine.

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