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4-Traders Homepage  >  Equities  >  Nasdaq  >  Comcast Corporation    CMCSA

Delayed Quote. Delayed  - 02/10 03:59:59 pm
55.81 USD   -4.12%
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Comcast, Time Warner Cable, in Talks to Sell $20 Billion in Assets to Charter Communications -FT

04/18/2014 | 01:46pm US/Eastern

Comcast Corp. (CMCSA, CMCSK) and Time Warner Cable Inc. (>> Time Warner Cable Inc), seeking to smooth their $45 billion merger deal with regulators, are in early-stage talks with Carter Communications Inc. (>> Charter Communications, Inc.) on a possible sale of assets, the Financial Times reported Friday on its website, citing people familiar with the matter.

Those assets under discussion -- valued at up to $20 billion -- include selling between three million and five million subscribers to Charter. A second option under discussion would see Comcast and Time Warner Cable spin off subscriptions into a new company in which Charter would be given a substantial minority stake, the FT reported.

Time Warner Cable and Charter declined comment to the FT.

Web site: www.ft.com

Write to nymonitoring@dowjones.com

Stocks mentioned in the article : Time Warner Cable Inc, Charter Communications, Inc.
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