Consumer Advocates Alarmed By $45 Billion Deal

February 13, 2014

Comcast, the nation’s largest cable provider, is set to become even bigger. The Philadelphia-based company has reached an agreement to acquire Time Warner Cable, the nation’s second-largest cable provider, in an all-stock deal valued at roughly $45 billion. Consumer groups oppose the deal on the grounds that it will hurt competition and raise prices. But the companies claim competition won’t be harmed at all.