Time Warner Cable Shareholders Approve Sale to Comcast
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Time Warner Cable Inc. investors voted in favor of the company’s $45.2 billion sale to Comcast Corp., leaving approval from regulators as the last major hurdles to combining the largest U.S. cable providers.
More than 99 percent of shares were voted in favor of the deal, Time Warner Cable said today in a statement after its shareholder meeting in New York. Yesterday, Comcast’s shareholders approved the combination by an equivalent margin.