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Time Warner Cable News

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While Apple attempted to manufacture a TV product and own a complete ecosystem -- both hardware and software -- in the past, owing to stringent conditions the US tech giant put on cable operators, the deals did not materialise, media reported on Friday.
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US cable company Charter Communications announced Tuesday it is acquiring rival Time Warner Cable in a deal valued at $78.7 billion, in a major consolidation on the American market.
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A deal would create a major rival to Comcast Corp , the biggest operator in the U.S. cable and broadband market, and marks a triumph for Charter, which was rejected by Time Warner Cable just last year.
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Federal Communications Commission Chairman Tom Wheeler reached out to the chief executives of Time Warner Cable Inc and Charter Communications Inc to convey that the agency is not against cable deals, the Wall Street Journal reported.
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Time Warner Cable Inc is open to merger discussions with Charter Communications Inc following a failed $45 billion bid by Comcast Corp , according to people familiar with the matter.
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Charter Communications Inc representatives have reached out to Time Warner Cable to begin discussions on a potential merger, a person familiar with the matter said on Friday.
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Comcast Corp`s failed bid to buy Time Warner Cable Inc is the latest muscle flex by U.S. antitrust enforcers and will likely deter chief executives from pursuing aggressive transactions as a way to spend excess cash.
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The Nasdaq Composite hit a 15-year intraday high on Friday afternoon, propelled by strong results from tech behemoths Google, Amazon and Microsoft.
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US cable giant Comcast is preparing to abandon its plan for a mega-merger with rival Time Warner Cable in the face of opposition from antitrust regulators, a report said Thursday.






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