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February 13th, 2014
02:34 PM ET

Comcast to buy Time Warner Cable for $45 Billion

If the deal is approved, the combined group will be the country's dominant provider of television channels and Internet connections, reaching roughly one in three American homes.

Analysts say the consolidation could help Comcast to compete with satellite providers like DirecTV, wireless phone companies like AT&T (TFortune 500) and new streaming services like Netflix (NFLX).

"This isn't about TV anymore - it's about controlling a fatter, more intelligent pipe for multiple services that emanate from it," including broadband Internet, phone and home security monitoring, said Tim Hanlon, the founder of the Vertere Group, an investment advisory firm that focuses on media and technology.

Time Warner Cable (TWCFortune 500) owners will be offered 2.875 Comcast(CMCSAFortune 500) shares for each share they own, valuing Time Warner Cable at about $158.82 per share.

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