Comcast announces an all-stock $158.82 a share takeover of Time Warner Cable in the industry’s biggest consolidation in a generation. The deal comes as cable companies face pressure from disruptive forces such as Netflix, Amazon and Google, which are forcing subscribers to cut their cords. Investors will watch for the possibility of antitrust attention from the FCC and Justice Department, as the two companies constitute the No. 1 and No. 2 competitors in the space. TheStreet’s Joe Deaux has details from Wall Street.
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