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US: Shareholders to vote on Comcast/TWC deal soon

 |  September 10, 2014

Shareholders are slated for a vote on whether Comcast’s proposed acquisition of Time Warner Cable should proceed, say reports.

Shareholders will vote early next month in separate meetings; Comcast investors will vote October 8, while TWC investors will vote the following day.

Shareholder approval for the $45.2 billion acquisition are only a part of the complex process involved in the deal. Both the Federal Communications Commission and the US Department of Justice will need to approve the deal, which has faced significant criticism by consumer advocates, competitors and several states, which will also conduct their own probe of the merger.

Should the deal overcome all obstacles, former TWC shareholders will own about a 24 percent stake in the new Comcast, reports say.

Full content: Businessweek

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