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US: Comcast ignores FCC pessimism for TWC buyout

By  |  December 9, 2013

Despite last week’s reports that the a member of the Federal Communications Commission suggested any buyout attempt by Comcast for Time Warner Cable would not earn approval, Comcast has reportedly hired an advisor for such an acquisition.

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    JPMorgan Chase has been hired by the cable giant on a deal, according to sources. If the development is any indication, the US may soon watch its number-one and number-two cable companies attempt a merger.

    Reports say such a deal could reach $40 billion.

    Last week, however, FCC Commissioner Ajit Pai told media that such a deal would be blocked due to the market power of each party.

    Analysts say Charter Communications may also be in the works, potentially working with Comcast for a joint buyout bid for TWC.

    Full Content: Dealbook

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