Posts Tagged By TALI ARBEL

Comcast deal may be dead, but cable consolidation will go on

This Feb. 11, 2011 file photo shows the Comcast logo on one of the company's vehicles, in Pittsburgh. Wall Street appears increasingly convinced Comcast’s $45.2 billion purchase of Time Warner Cable is dead.  telling indicator is the gap between the value Comcast’s all-stock bid assigned to each Time Warner Cable share and Time Warner Cable stock’s current price. That was at its widest point yet Thursday, April 23, 2015, a signal that investors are giving just 20 to 30 percent odds that the deal will go through, said Nomura analyst Adam Ilkowitz. (AP Photo/Gene J. Puskar, File)

NEW YORK (AP) — Even though Comcast’s $45.2 billion bid for Time Warner Cable is dead, consolidation among the companies that pipe in our TV, phone and Internet will carry on.

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Reports say Comcast plans to drop $45B Time Warner Cable bid

This Feb. 11, 2011 file photo shows the Comcast logo on one of the company's vehicles, in Pittsburgh. Wall Street appears increasingly convinced Comcast’s $45.2 billion purchase of Time Warner Cable is dead.  telling indicator is the gap between the value Comcast’s all-stock bid assigned to each Time Warner Cable share and Time Warner Cable stock’s current price. That was at its widest point yet Thursday, April 23, 2015, a signal that investors are giving just 20 to 30 percent odds that the deal will go through, said Nomura analyst Adam Ilkowitz. (AP Photo/Gene J. Puskar, File)

NEW YORK (AP) — Comcast is abandoning its $45.2 billion purchase of Time Warner Cable, according to media reports.

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