Comcast will buy Time Warner Cable

Comcast has agreed to buy Time Warner Cable for $45.2bn (€33.1bn) in stock, or $158.82 (€116.5) per share, in a deal that will combine America’s top two cable TV companies.

The deal was approved by the boards of both companies and, pending regulatory approval, is expected to close by the end of the year, sources familiar with the matter said. An official announcement is expected to be made later today.