Deals
Comcast Shareholders Approve Time Warner Cable Deal
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Comcast Corp. investors approved the $45.2 billion purchase of Time Warner Cable Inc., with more than 99 percent of shareholders voting in favor of combining the two largest U.S. cable providers.
Comcast announced the voting results in a statement after a shareholder meeting today in Philadelphia and reiterated that it expects the transaction to close in early 2015. The deal would give the largest U.S. cable provider additional customers and a presence in the top two U.S. media markets, New York and Los Angeles.