Feeds

Comcast to acquire Warner Cable – reports

Colossal cable consolidation to rock US broadband and media market

Secure remote control for conventional and virtual desktops

The US broadband market looks set for a shake-up, with multiple reports tipping Comcast to acquire rival Warner Cable.

CNBC claims it broke the story and The Wall Street Journal has since published a (paywalled) story reporting the same details: it's a $US45bn all-stock deal.

Comcast and Warner are respectively the USA's number one and two cable companies. Both are also internet service providers of note, with Comcast boasting around 20 million customers and Time Warner around 11 million.

Both share the problem that fewer people these days are interested in cable TV bundles, instead preferring over-the-top services like Netflix and Hulu that deliver video-on-demand. A combined entity with 30 million broadband subscribers might find itself in a stronger position to cope with that shift, or even with enough clout to wring some cash out of over-the-top players. Just holding out on upgrades – industry body Cable Lab's latest standard DOCSIS 3.1 promises ten gigabit connections over cable – could also be a powerful move for the combined entity.

Regulatory hurdles therefore almost certainly stand between the two carriers and a deal, as earlier this week Warner was being courted by another US cable outfit, Charter Communications. If, as they are bound to do, Warner's directors felt greater value could be realised by wedding Comcast instead of Charter, shareholders' attitude to the deal probably won't be a problem.

Whether US regulators are as kind remains to be seen. Legislators may also take an interested look at the transaction, given recent rumblings about net neutrality. ®

5 things you didn’t know about cloud backup

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
Mozilla's 'Tiles' ads debut in new Firefox nightlies
You can try turning them off and on again
No, thank you. I will not code for the Caliphate
Some assignments, even the Bongster decline must
Banking apps: Handy, can grab all your money... and RIDDLED with coding flaws
Yep, that one place you'd hoped you wouldn't find 'em
TROLL SLAYER Google grabs $1.3 MEEELLION in patent counter-suit
Chocolate Factory hits back at firm for suing customers
Kaspersky backpedals on 'done nothing wrong, nothing to fear' blather
Founder (and internet passport fan) now says privacy is precious
Primetime precrime? Minority Report TV series 'being developed'
I have to know. I have to find out what happened to my life
Ex-IBM CEO John Akers dies at 79
An era disrupted by the advent of the PC
prev story

Whitepapers

Gartner critical capabilities for enterprise endpoint backup
Learn why inSync received the highest overall rating from Druva and is the top choice for the mobile workforce.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Rethinking backup and recovery in the modern data center
Combining intelligence, operational analytics, and automation to enable efficient, data-driven IT organizations using the HP ABR approach.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.