Comcast Offers To Shed 3.9 Million Subscribers To Ease Cable Deal

Posted by samzenpus on Monday April 28, 2014 @02:19AM from the how-about-now? dept.

An anonymous reader writes "In a bid to win regulatory approval for its proposed $45 billion takeover of Time Warner Cable, Comcast has offered to sell 1.4 million pay TV subscribers to Charter Communications for $7.3 billion. From the article: 'Comcast also said it would divest another 2.5 million subscribers into a new publicly traded company, dubbed SpinCo for now, to be one-third owned by Charter and two-thirds owned by Comcast shareholders. The deal will make Charter — whose own bid for Time Warner Cable was thwarted by Comcast's higher offer — the second-biggest U.S. pay TV company with 5.7 million customers, overtaking Cox Communications Inc.'"

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Comcast users are the new currency by Anonymous Coward · 2014-04-28 02:24 · Score: 5, Funny

To think that I was wasting money on bitcoin ... when I should have been trading Comcast users ...
Don't mind being sold by penguinoid · 2014-04-28 02:28 · Score: 3, Funny

I'm sure the people in question don't mind being sold to a different company.

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