Latest in Acquisition

Image credit:

Comcast proposes giving up 3.9 million customers to clinch its TWC merger

Share
Tweet
Share
Save

Sponsored Links

Comcast said it would be willing to shed customers to secure its buyout of Time Warner Cable, and today it's backing up those words with (tentative) deeds. The media behemoth has reached a deal that will see it offload 3.9 million subscribers -- mostly in the Midwest, check after the break to see where -- if the merger goes through. About 1.4 million of those would go to Charter; the remaining 2.5 million will go to a spin-off company where Charter will have a one-third stake (Comcast shareholders own the rest). The move should keep Comcast under 30 percent of the TV market and make Charter the second-largest cable provider in the US. In theory, that's good news for those worried that Comcast would carry too much industry clout if it gets TWC under its belt.

However, this all assumes that regulators approve the acquisition in the first place -- and the deal doesn't address larger competitive issues. Public advocacy groups and internet media providers like Netflix still believe that a post-merger Comcast would have too much say over what products succeed in the marketplace, letting it restrict services that compete with its own offerings. Without answers to these concerns, the company may not be much closer to completing its takeover.

[Image credit: Getty Images]

All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
Comment
Comments
Share
Tweet
Share
Save

Popular on Engadget

Engadget's Guide to Privacy

Engadget's Guide to Privacy

View
‘Fortnite’ is getting a Batman crossover

‘Fortnite’ is getting a Batman crossover

View
What's it like cooking your own Impossible Burger?

What's it like cooking your own Impossible Burger?

View
Windows 10 Insider build simplifies Bluetooth pairing

Windows 10 Insider build simplifies Bluetooth pairing

View
Fox Sports will broadcast Thursday Night Football in 4K

Fox Sports will broadcast Thursday Night Football in 4K

View

From around the web

Page 1Page 1ear iconeye iconFill 23text filevr