ComcastIn a surprise announcement this morning, Comcast has announced that they will be acquiring Time Warner in a merger that would combine the country’s two biggest cable companies.

The deal, which follows the two companies already dominant forces on their respective areas of the nation, was made based entirely on stock exchanging. Time Warner will be given 2.875 Comcast shares for every one of their shares. That stock is estimated to be worth $45.2 billion.

A potential deal had already been considered with John Malone of Charter Communications, negotiations having started months ago.

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